Penguin Solutions, Inc. — Director's Dealing 2025

Jan 23, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Penguin Solutions, Inc. (PENG)
CIK: 0001616533
Period of Report: 2025-01-20

Reporting Person: Pacheco Jack A (EVP, COO, Pres, Integrated Mem)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-20	Ordinary Shares	F	4412	$20.51	Disposed	231548	Direct
2025-01-21	Ordinary Shares	M	6667	$9.195	Acquired	238215	Direct
2025-01-21	Ordinary Shares	S	6667	$20.5526	Disposed	231548	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-01-21	Employee Stock Option (right to buy)	$9.195	M	6667	Disposed	2030-03-12	Ordinary Shares (6667)	Direct

Footnotes

F1: Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted share units. No shares were sold.

F2: This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on April 26, 2024.

F3: This transaction was executed in multiple trades at prices ranging from $20.32 to $20.72. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

F4: The option vested and became exercisable as to 25% on March 12, 2021, and the remaining shares vested monthly and became exercisable over three years beginning March 12, 2021.