Kuykendall Anne 4
4 · Penguin Solutions, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Penguin Solutions (PENG) SVP Anne Kuykendall Sells 4,000 Shares
What Happened
Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions (PENG), sold 4,000 shares in an open-market transaction on March 16, 2026. The weighted average sale price reported was $17.75 per share, for total proceeds of approximately $70,981. This was a sale (not a purchase), which is commonly a routine disposition rather than a bullish signal.
Key Details
- Transaction date: 2026-03-16; Form 4 filed 2026-03-17 (within the typical 2-business-day reporting window).
- Reported transaction: Sale of 4,000 shares; weighted average price $17.75; proceeds ≈ $70,981.
- Execution detail: Trade executed in multiple transactions at prices ranging from $17.53 to $18.20 (weighted avg reported). Reporting person can provide the specific per-trade breakdown on request (footnote).
- Footnote: Transaction was effected under a pre-established Rule 10b5-1 trading plan adopted on November 11, 2025.
- Shares owned after transaction: Not specified in the information provided in this summary.
Context
10b5-1 plans are pre-arranged trading programs that allow insiders to sell or buy shares at predetermined times; trades under such plans are often scheduled in advance and may not reflect immediate changes in the insider’s view of the company. This filing reports a routine sale under such a plan and does not, by itself, indicate company performance or insider sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-16$17.75/sh−4,000$70,981→ 131,352 total
Footnotes (2)
- [F1]This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on November 11, 2025.
- [F2]This transaction was executed in multiple trades at prices ranging from $17.53 to $18.20. 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.