Jack A. Pacheco - Dec 26, 2024 Form 4 Insider Report for Penguin Solutions, Inc. (PENG)

Signature
/s/ Anne Kuykendall as attorney-in-fact for Jack A. Pacheco
Stock symbol
PENG
Transactions as of
Dec 26, 2024
Transactions value $
-$72,026
Form type
4
Date filed
12/27/2024, 04:08 PM
Previous filing
Dec 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENG Ordinary Shares Options Exercise $61.3K +6.67K +2.83% $9.20 243K Dec 26, 2024 Direct
transaction PENG Ordinary Shares Sale -$133K -6.67K -2.75% $20.00 236K Dec 26, 2024 Direct F1

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 -6.67K -25% $0.00 20K Dec 26, 2024 Ordinary Shares 6.67K $9.20 Direct F2
* 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 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.