Kuykendall Anne 4

What Happened

• Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions (PENG), disposed of 4,000 shares on February 25, 2026. The weighted-average sale price reported was $20.80 per share for a total of approximately $83,203. This was a sale (not a purchase), and was executed under a pre-established trading plan.

Key Details

• Transaction date: February 25, 2026.
• Transaction type/code: Sale (S) — open market or private sale; reported weighted-average price $20.80/share. Footnote indicates execution across multiple trades at prices from $20.53 to $21.00; weighted average reported above.
• Total proceeds reported: $83,203.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Notable footnotes: (1) Transaction effected pursuant to a Rule 10b5-1 trading plan adopted Nov 11, 2025. (2) Transaction executed in multiple trades; the filer can provide per-trade details upon request.
• Filing timeliness: Reported on Feb 27, 2026 for a Feb 25 transaction — appears filed within the typical two-business-day Form 4 window.

Context

• The sale was made under a pre-established Rule 10b5-1 plan, which often indicates a pre-set, routine disposition schedule rather than a trade based on current, nonpublic information. Sales do not inherently signal management view of the company’s prospects; purchases tend to be more informative for bullish signals.