Penguin (PENG) SVP Anthony Frey Surrenders 532 Shares for Taxes

What Happened
Anthony Frey, Senior Vice President and Chief Revenue Officer of Penguin Solutions, surrendered 532 shares to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $60.41 each for a total withholding value of about $32,138. This was a tax-withholding/net settlement of RSUs, not an open-market sale.

Key Details

• Transaction date and price: 2026-07-20 at $60.41 per share.
• Shares surrendered: 532; total value ≈ $32,138.
• Transaction code: F (payment of exercise price or tax liability via share surrender).
• Footnote: F1 — shares were surrendered to the issuer to satisfy tax withholding; no shares were sold on the market.
• Filing: Form 4 filed 2026-07-22 for the 2026-07-20 transaction (appears timely).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This was a routine tax-withholding action following RSU vesting (net settlement). Because shares were withheld by the company rather than sold in the open market, this transaction should not be interpreted as a directional buy or sell signal from the insider.