NAYYAR SANDEEP 4

What Happened
Sandeep Nayyar, a director of Penguin Solutions, sold a total of 20,000 shares in two open-market transactions. On May 11, 2026 he disposed of 12,893 shares at a weighted average price of $45.09 for proceeds of $581,334. On May 12, 2026 he disposed of 7,107 shares at $43.48 for proceeds of $309,012. These were sales (not purchases or option exercises) and therefore are generally considered routine insider selling rather than an explicit bullish signal.

Key Details

• Transaction dates and amounts:
  • 2026-05-11: Sold 12,893 shares @ $45.09 (weighted avg) — $581,334
  • 2026-05-12: Sold 7,107 shares @ $43.48 — $309,012
• Total shares sold: 20,000; total proceeds: approximately $890,346.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: The May 11 transaction was executed in multiple trades at prices ranging from $45.0004 to $45.2050; the $45.09 figure is a weighted average (reporting person will provide full trade-level details upon request).
• Filing timeliness: Form 4 was filed on 2026-05-13 for trades on May 11–12, 2026 — the filing appears timely. No 10b5-1 plan, tax-withholding, or gift notation was indicated in the supplied data.

Context
Sales by directors can reflect many reasons (diversification, liquidity needs, planned selling) and are not direct evidence of company prospects. For retail investors, purchases tend to be more informative about insider conviction; this report documents routine open-market selling by a director.