Olmstead Nathan 4

What Happened

• Nathan Olmstead, SVP and Chief Financial Officer of Penguin Solutions (PENG), surrendered 2,605 shares on April 20, 2026 to satisfy tax withholding obligations related to restricted stock units. The reported per-share value was $26.74, totaling approximately $69,658.
• This was not an open-market sale but a withholding of shares by the issuer to cover taxes (routine administrative transaction).

Key Details

• Transaction date and price: April 20, 2026 — 2,605 shares at $26.74 each.
• Value: approximately $69,658.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnote: F1 states these shares were surrendered to the issuer to satisfy tax withholding for RSU vesting; "No shares were sold."
• Filing: Form 4 filed April 22, 2026 for the April 20 transaction (filed within the standard reporting window).

Context

• This is a routine tax-withholding event tied to equity compensation vesting, not a directional market trade. Such withholdings reduce an insider's held share count but do not indicate a market sale or change in investment stance.
• For retail investors: purchases or open-market sales by insiders often carry more informational weight than share withholding for taxes.