Frey Anthony George 4

What Happened

• Anthony Frey, SVP and Chief Revenue Officer of Penguin Solutions (PENG), surrendered 532 shares to satisfy tax withholding obligations tied to the vesting of restricted stock units. The transaction is reported as a disposition at $26.74 per share, for a total value of $14,226.
• Although listed as a disposition on the Form 4, a filing footnote clarifies these shares were surrendered to the company to cover taxes — no open-market sale occurred.

Key Details

• Transaction date: 2026-04-20; price: $26.74 per share; total value reported: $14,226.
• Transaction code: F (tax withholding in connection with RSU vesting).
• Shares surrendered: 532; no shares were sold on the open market.
• Filing date: 2026-04-22 (timely file — reported two days after the transaction).
• Holdings note: filing footnote states the reported holdings include 1,667 shares purchased under the company ESPP on 2026-04-15.
• The Form 4 indicates the withholding event; it does not signal a stock sale or new purchase.

Context

• Code F transactions are routine tax-withholding actions when equity awards vest; they simply reduce the insider’s share count to cover taxes and are not direct indicators of sentiment.
• For retail investors, purchases (buys) generally carry more informational weight than routine withholdings like this one.