Jack A. Pacheco - Dec 9, 2024 Form 4 Insider Report for Penguin Solutions, Inc. (PENG)

Role
EVP, COO, Pres, Integrated Mem
Signature
/s/ Anne Kuykendall as attorney-in-fact for Jack A. Pacheco
Stock symbol
PENG
Transactions as of
Dec 9, 2024
Transactions value $
-$144,761
Form type
4
Date filed
12/11/2024, 04:17 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 Options Exercise $123K +13.3K +5.65% $9.20 249K Dec 9, 2024 Direct
transaction PENG Ordinary Shares Sale -$267K -13.3K -5.35% $20.05 236K Dec 9, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PENG Employee Stock Option (right to buy) Options Exercise $0 -13.3K -33.34% $0.00 26.7K Dec 9, 2024 Ordinary Shares 13.3K $9.20 Direct F3
* 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 April 26, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $20.00 to $20.12. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F3 The option vested and became exercisable as to 25% on March 12, 2021, and the remaining shares vested monthly and became exercisable over three years beginning March 12, 2021.