Form 4: Penguin Solutions Executive Receives Stock Grant
Insider Transaction (Form 4)
Joseph Gates Clark, SVP and Pres, Optimized LED of Penguin Solutions, Inc., reported multiple transactions in common stock on October 3, 2026.
Summary
- Grant/award: acquired 30,932 Common Stock on October 3, 2026; holds 101,210 after (Direct).
- Tax/exercise-price withholding: disposed of 13,437 Common Stock at $61.36 ($824,494) on October 3, 2026; holds 87,773 after (Direct).
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as routine: the reported changes are grants, option exercises, tax withholding or similar administrative transactions, which carry limited directional signal.
Insider Transactions
Joseph Gates Clark — Officer (SVP and Pres, Optimized LED)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-10-03 | Grant/award | Common Stock | 30,932 | — | — | 101,210 |
| 2026-10-03 | Tax/exercise-price withholding | Common Stock | 13,437 | $61 | $824.5K | 87,773 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-03 | Grant/award (30,932 shares) |
| 2026-10-03 | Tax/exercise-price withholding (13,437 shares) |
Keywords
insider transaction, Form 4, PENG, Penguin Solutions, Inc., neutral, Joseph Gates Clark
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