Penguin Solutions, Inc.: SVP Clark Joseph Gates received 30,932 shares

What happened

• Clark Joseph Gates, SVP and Pres, Optimized LED, had 30,932 performance-based restricted stock units (PSUs) vest and were issued to him on Oct 3, 2026 (A: 30,932 shares @ $0.00, acquisition value $0). The filing also shows 13,437 shares were surrendered to the issuer to satisfy tax withholding at $61.36 per share (F: 13,437 shares disposed) for $824,494.

Key details

• Transaction dates and prices: Oct 3, 2026 — award A: 30,932 shares @ $0.00; tax withholding F: 13,437 shares disposed @ $61.36 for $824,494.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 notes the PSUs were granted Sep 25, 2023 and vested upon certification by the compensation committee on Oct 3, 2026; F2 states shares were surrendered to satisfy withholding and that no shares were sold.
• Form 4 filed on Oct 6, 2026.

Why it may matter

• This filing reports vesting of PSUs, not an open-market purchase or sale. The tax obligation was satisfied by surrendering 13,437 vested shares to the issuer rather than a sale. A filing does not show why the insider traded or why the company acted.