Papermaster Mark D 4

What Happened

• Mark D. Papermaster, a director of Penguin Solutions, received an award of 10,034 restricted stock units (RSUs) on February 6, 2026. The filing reports an acquisition of 10,034 shares at $0.00 (total reported value $0). This is an equity compensation grant (an award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-06; Filing date: 2026-02-10 (filed after the transaction; Form 4s are normally due within two business days).
• Grant: 10,034 restricted stock units (RSUs) reported at $0.00 per share.
• Shares owned after transaction: not specified in the provided filing data.
• Footnote: The RSUs vest in full on the earlier of February 6, 2027 or the date of the annual meeting of stockholders at which the reporting person's term expires, subject to continued service through the vesting date.

Context

• RSUs are compensation awards that convert to shares if and when they vest; they do not represent an immediate cash purchase or sale. This grant increases the potential future equity the director may receive if he remains in service through the vesting date. The filing appears to have been submitted after the typical two-business-day window for Form 4s.