Kuykendall Anne 4

What Happened
Anne Kuykendall, Senior Vice President and Chief Legal Officer of Penguin Solutions, surrendered 3,379 shares in connection with tax withholding for vested restricted stock units. The filing reports a disposition of 3,379 shares at $19.96 per share, for a notional value of $67,445. This was a tax-withholding action—not an open-market sale.

Key Details

• Transaction date: 2026-01-20; Form filed: 2026-01-21 (timely filing).
• Reported price: $19.96 per share; reported total value: $67,445.
• Transaction code: F (tax withholding to satisfy tax liability related to RSU vesting).
• Footnote: Reflects shares surrendered to the issuer to satisfy tax withholding obligations in connection with RSU vesting; no shares were sold.
• Shares owned after the transaction: not disclosed in the provided filing.

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative transaction and is reported as a disposition on Form 4, but it does not necessarily indicate the insider sold shares in the market or reflects a change in sentiment.