Trade Summary

4 days ago, Clark Joseph Gates, serving as SVP, Pres, Optimized LED at Penguin Solutions, Inc. (PENG), sold 5,000 shares at $34.75 per share, for a total transaction value of $173,750.00. Following this transaction, Clark Joseph Gates now holds 81,776 shares of PENG.

This sale represents a 6.00% 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 Tuesday, May 5, 2026 and publicly disclosed via SEC Form 4 filing on Thursday, May 7, 2026, 2 days 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.