Clark Joseph Gates 4
4 · Penguin Solutions, Inc. · Filed Oct 16, 2025
Insider Transaction Report
Form 4
Clark Joseph Gates
SVP and Pres, Optimized LED
Transactions
- Award
Common Stock
2025-10-14+53,978→ 151,264 total - Tax Payment
Common Stock
2025-10-14$22.32/sh−23,535$525,301→ 127,729 total
Footnotes (2)
- [F1]On September 26, 2022, the reporting person was granted performance-based restricted stock units ("PSUs"), the vesting of which was (i) tied to the achievement of total stockholder return goals relative to the performance of the median company in the Russell 2000 Index following the end of a given three-year performance period, and (ii) subject to the reporting person's continued employment through the date of certification of performance by the Compensation Committee of the Issuer's Board of Directors (the "Committee"). On October 14, 2025, the Committee certified the performance goal achievement and determined that 53,978 PSUs were earned by the reporting person and vested as of such date.
- [F2]Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of PSUs. No shares were sold.