Director at Penguin Solutions (PENG) sells 3,000 shares in open-market trade

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Penguin Solutions, Inc. director Maximiliane C Straub reported an open-market sale of company stock. On May 14, 2026, Straub sold 3,000 shares of Penguin Solutions common stock at a price of $49.00 per share.

After this transaction, Straub directly holds 51,975 shares of Penguin Solutions common stock, according to the filing.

Insider Trade Summary

Net Seller: 3,000 shares ($147,000)

Net Sell 1 txn

Insider Straub Maximiliane C

Role null

Sold 3,000 shs ($147K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,000	$49.00	$147K

Holdings After Transaction: Common Stock — 51,975 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 3,000 shares Sale price per share: $49.00 per share Shares held after transaction: 51,975 shares +1 more

4 metrics

Shares sold 3,000 shares Common Stock sold on May 14, 2026

Sale price per share $49.00 per share Open-market sale of Common Stock

Shares held after transaction 51,975 shares Direct holdings after the sale

Net shares sold 3,000 shares Net sell direction in transaction summary

Key Terms

open-market sale, non-derivative, transaction code "S"

3 terms

open-market sale financial

"transaction_action: "open-market sale" for the common stock transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

"transaction_type is listed as "non-derivative" for the common stock sale"

transaction code "S" financial

"transaction_code "S" with description "Sale in open market or private transaction""

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 04:34 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Straub Maximiliane C

(Last)

(First)

(Middle)

C/O PENGUIN SOLUTIONS, INC.

45800 NORTHPORT LOOP WEST

(Street)

FREMONT

CALIFORNIA

94538

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Penguin Solutions, Inc. [ PENG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/14/2026		S		3,000	D	$49	51,975	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

	/s/ Anne Kuykendall as attorney-in-fact for Maximiliane Straub	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Penguin Solutions (PENG) disclose in this Form 4?

Penguin Solutions disclosed that director Maximiliane C Straub sold 3,000 shares of common stock in an open-market transaction at $49.00 per share. The filing reports this as a non-derivative sale of Common Stock on May 14, 2026.

How many Penguin Solutions (PENG) shares did Maximiliane C Straub sell and at what price?

Maximiliane C Straub sold 3,000 shares of Penguin Solutions common stock at $49.00 per share. The transaction is classified as an open-market or private sale under transaction code "S" in the insider filing.

How many Penguin Solutions (PENG) shares does Maximiliane C Straub hold after the sale?

After the reported sale, Maximiliane C Straub directly holds 51,975 shares of Penguin Solutions common stock. This post-transaction balance is disclosed as the total shares following the transaction in the Form 4 summary.

What type of transaction did the Penguin Solutions (PENG) Form 4 report?

The Form 4 reports a non-derivative open-market sale of Penguin Solutions common stock by director Maximiliane C Straub. The transaction is coded "S," indicating a sale in the open market or a private transaction, rather than an option exercise or grant.

Does the Penguin Solutions (PENG) Form 4 involve derivative securities or options?

No, this Form 4 involves only a non-derivative transaction in Penguin Solutions common stock. The derivativeSummary section is empty, and the filing classifies the 3,000-share sale as a common stock transaction, not an option or other derivative exercise.