Olmstead Nathan 4

What Happened

• Nathan Olmstead, Senior Vice President and Chief Financial Officer of Penguin Solutions (PENG), surrendered 2,988 shares on January 20, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The per-share value reported was $19.96, for an aggregate value of $59,640. This was a tax-withholding action (code F) related to award vesting, not an open-market sale.

Key Details

• Transaction date and price: 2026-01-20, 2,988 shares at $19.96 per share (total $59,640).
• Shares surrendered/disposed: 2,988 (used to cover taxes); no shares were sold on the open market per footnote.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — shares were surrendered to the issuer to satisfy tax withholding on RSU vesting; no sale occurred.
• Filing timing: Report filed 2026-01-21 for the 2026-01-20 transaction (appears to be timely).

Context

• This is a routine tax-withholding transaction following RSU vesting. It reduces the insider’s share count but does not indicate a cash-sale decision or market-direction bet. For retail investors, such surrender-for-taxes events are common and generally neutral from a sentiment standpoint.