Joseph Gates Clark - Nov 14, 2024 Form 4 Insider Report for Penguin Solutions, Inc. (PENG)

Role
President, Optimized LED
Signature
/s/ Anne Kuykendall as attorney-in-fact for Joseph Gates Clark
Stock symbol
PENG
Transactions as of
Nov 14, 2024
Transactions value $
-$39,620
Form type
4
Date filed
11/15/2024, 04:45 PM
Previous filing
Oct 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENG Ordinary Shares Sale -$39.6K -2.26K -2.3% $17.50 96K Nov 14, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on August 15, 2024.