Penguin Solutions, Inc.: SVP and pres Clark Joseph Gates sold 869 shares

What happened

• Clark Joseph Gates, SVP and pres, optimized LED, sold 869 shares in an open-market sale at $51.52 per share on Oct 23, 2026, for $44,771.

Key details

• Transaction date and price: Oct 23, 2026 — sale of 869 shares at $51.52 per share.
• Shares owned after the transaction: not stated in the filing.
• Footnote: the filing says the transaction was effected pursuant to a previously established Rule 10b5-1 plan adopted Nov 11, 2025 (footnote F1).
• Filing date: filed Oct 26, 2026 (the filing does not indicate it was late).

Why it may matter

• The filing reports an open-market sale executed under a Rule 10b5-1 plan.
• The filing does not show why the insider traded or why the company acted.