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PENG - Penguin Solutions, Inc.

Insider Sale by Clark Joseph Gates (SVP, Pres, Optimized LED)

1 Month
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Trade Summary

5 days ago, Clark Joseph Gates, serving as SVP, Pres, Optimized LED at Penguin Solutions, Inc. (PENG), sold 12,546 shares at $22.55 per share, for a total transaction value of $282,882.00. Following this transaction, Clark Joseph Gates now holds 99,726 shares of PENG.

This sale represents a 11.00% decrease in Clark Joseph Gates's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Thursday, April 9, 2026 and publicly disclosed via SEC Form 4 filing on Friday, April 10, 2026, 1 day after the trade was made.

Penguin Solutions, Inc. operates in the TECHNOLOGY sector, specifically within the INFORMATION TECHNOLOGY SERVICES industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Clark Joseph Gates

SVP, Pres, Optimized LED

Clark Joseph Gates is the Senior Vice President and President of Optimized LED at Penguin Solutions, Inc. (PENG), based at the company's headquarters in Milpitas, California.[[1]](https://www.insidertrades.com/peng-stock/joseph-gates-clark-1/)[[2]](https://www.stocktitan.net/sec-filings/PENG/form-4-penguin-solutions-inc-insider-trading-activity-27471fef842b.html) He recently executed insider trades, including a sale of 1,346 shares on February 10, 2026, under a Rule 10b5-1 plan, leaving him with 122,318 shares, and another sale of 10,046 shares on February 24, 2026.[[1]](https://www.insidertrades.com/peng-stock/joseph-gates-clark-1/)[[2]](https://www.stocktitan.net/sec-filings/PENG/form-4-penguin-solutions-inc-insider-trading-activity-27471fef842b.html)[[6]](https://www.gurufocus.com/news/8653457/insider-selling-joseph-clark-sells-shares-of-penguin-solutions-inc) His estimated net worth from PENG holdings is at least $2.47 million as of February 10, 2026.[[1]](https://www.insidertrades.com/peng-stock/joseph-gates-clark-1/) Gates, also known as Joe Clark, brings over 25 years of experience in the lighting and technology industries.[[1]](https://www.insidertrades.com/peng-stock/joseph-gates-clark-1/) His career began at Cree LED in 1998 as an R&D Engineer in LED Epitaxy, advancing to Director of LED R&D by 2014, Vice President of Integrated Lighting Solutions in 2017, Vice President of Global Operations, and President of Cree LED in 2022.[[1]](https://www.insidertrades.com/peng-stock/joseph-gates-clark-1/) He holds a B.S. and M.S. in Materials Science and Engineering from North Carolina State University and possesses more than 12 patents in LED lighting.[[1]](https://www.insidertrades.com/peng-stock/joseph-gates-clark-1/)

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Trade Price

$22.55

Quantity

12,546

Total Value

$282,882.00

Shares Owned

99,726

Trade Date

Thursday, April 9, 2026

5 days ago

SEC Filing Date

Friday, April 10, 2026

Filed 1 day after trade

TECHNOLOGYINFORMATION TECHNOLOGY SERVICES

About Penguin Solutions, Inc.

Company Overview

No company information available
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