NAYYAR SANDEEP 4

What Happened

• Sandeep Nayyar, a director of Penguin Solutions, Inc. (PENG), received a grant of 10,034 restricted stock units (RSUs) on February 6, 2026. The Form 4 reports the award at $0.00 per share (total $0) because this is an RSU grant rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (filed within the two-business-day deadline).
• Transaction type/code: Award/Grant (A) — restricted stock units, not an immediate cash purchase or sale.
• Shares granted: 10,034 RSUs. Filing lists price as $0.00 (standard for equity awards); no immediate cash value realized on grant.
• Vesting: These RSUs are scheduled to vest in full on the earlier of February 6, 2027 or the date of the annual meeting at which the reporting person's term expires, subject to continued service (per footnote).
• Shares owned after the transaction: not specified in the filing.

Context

• This was an equity award (future compensation) rather than a stock purchase or sale; RSUs only convert into actual shares (and potentially taxable events) when they vest.
• Awards to directors are common as part of compensation/retention and do not by themselves indicate immediate buying or selling intent. The filing was timely, so no late‑filing implications are noted.