Trade Summary

3 days ago, Nayyar Sandeep, serving as Dir at Penguin Solutions, Inc. (PENG), sold 20,000 shares at $44.52 per share, for a total transaction value of $890,346.00. Following this transaction, Nayyar Sandeep now holds 25,417 shares of PENG.

This sale represents a 44.00% decrease in Nayyar Sandeep's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, May 11, 2026 and publicly disclosed via SEC Form 4 filing on Wednesday, May 13, 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.