Anne Kuykendall - 14 Oct 2025 Form 4 Insider Report for Penguin Solutions, Inc. (PENG)

Role: SVP and Chief Legal Officer
Signature: /s/ Anne Kuykendall
Issuer symbol: PENG
Transactions as of: 14 Oct 2025
Net transactions value: -$489,433
Form type: 4
Filing time: 16 Oct 2025, 16:13:34 UTC
Previous filing: 01 Oct 2025
Next filing: 22 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kuykendall Anne	SVP and Chief Legal Officer	C/O PENGUIN SOLUTIONS, INC., 45800 NORTHPORT LOOP WEST, FREMONT	/s/ Anne Kuykendall	16 Oct 2025	0001855880

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PENG	Common Stock	Award	$0	+43,182	+35%	$0.000000	167,298	14 Oct 2025	Direct	F1
transaction	PENG	Common Stock	Tax liability	$489,433	-21,928	-13%	$22.32	145,370	14 Oct 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 26, 2022, the reporting person was granted performance-based restricted stock units ("PSUs"), the vesting of which was (i) tied to the achievement of total stockholder return goals relative to the performance of the median company in the Russell 2000 Index following the end of a given three-year performance period, and (ii) subject to the reporting person's continued employment through the date of certification of performance by the Compensation Committee of the Issuer's Board of Directors (the "Committee"). On October 14, 2025, the Committee certified the performance goal achievement and determined that 43,182 PSUs were earned by the reporting person and vested as of such date.
F2	Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of PSUs. No shares were sold.

Content

On September 26, 2022, the reporting person was granted performance-based restricted stock units ("PSUs"), the vesting of which was (i) tied to the achievement of total stockholder return goals relative to the performance of the median company in the Russell 2000 Index following the end of a given three-year performance period, and (ii) subject to the reporting person's continued employment through the date of certification of performance by the Compensation Committee of the Issuer's Board of Directors (the "Committee"). On October 14, 2025, the Committee certified the performance goal achievement and determined that 43,182 PSUs were earned by the reporting person and vested as of such date.

Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of PSUs. No shares were sold.