Kuykendall Anne 4

What Happened
Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions (PENG), sold 4,000 shares in an open-market transaction on March 16, 2026. The weighted average sale price reported was $17.75 per share, for total proceeds of approximately $70,981. This was a sale (not a purchase), which is commonly a routine disposition rather than a bullish signal.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-17 (within the typical 2-business-day reporting window).
• Reported transaction: Sale of 4,000 shares; weighted average price $17.75; proceeds ≈ $70,981.
• Execution detail: Trade executed in multiple transactions at prices ranging from $17.53 to $18.20 (weighted avg reported). Reporting person can provide the specific per-trade breakdown on request (footnote).
• Footnote: Transaction was effected under a pre-established Rule 10b5-1 trading plan adopted on November 11, 2025.
• Shares owned after transaction: Not specified in the information provided in this summary.

Context
10b5-1 plans are pre-arranged trading programs that allow insiders to sell or buy shares at predetermined times; trades under such plans are often scheduled in advance and may not reflect immediate changes in the insider’s view of the company. This filing reports a routine sale under such a plan and does not, by itself, indicate company performance or insider sentiment.