Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 33

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 33
---
     | $      | 174,406 |     | $     | 264,406 |

(1) Represents the grant date fair value of each RSU award granted during fiscal 2025 in accordance with the Financial Accounting Standard Board’s Accounting Standards Codification Topic 718 (“FASB ASC Topic 718”), disregarding for this purpose the estimate of forfeitures related to service-based vesting conditions. For a discussion of assumptions used to calculate the FASB ASC Topic 718 grant date fair value, refer to the Stock-Based Compensation Note to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended August 29, 2025.

(2) As of August 29, 2025, our non-employee directors held the equity awards set forth in the following table:

| Name               |     |  RSUs |
| Randy Furr(3)      |     |     — |
| Min Yong Ha        |     |     — |
| Penelope Herscher  |     | 8,397 |
| Bryan Ingram       |     | 8,397 |
| Sandeep Nayyar     |     | 8,397 |
| Mark Papermaster   |     | 8,397 |
| Mary Puma          |     | 8,397 |
| Maximiliane Straub |     | 8,397 |

(3) Mr. Furr served as a member of our Board until his term expired at the 2025 Annual Meeting.

<div align='center'>27</div>

#### PROPOSAL NO. 1: ELECTION OF DIRECTORS

### THE BOARD OF DIRECTORS RECOMMENDS A VOTE IN FAVOR OF

#### EACH NAMED NOMINEE.
Our Board is presently composed of eight members who are divided into three classes, designated as Class I, Class II, and Class III. One class of directors is elected by the stockholders at each annual meeting of stockholders to serve from the time of their election until the third annual meeting of stockholders following their election. Class I directors consist of Mark Adams, Bryan Ingram, and Mark Papermaster. Class II directors consist of Sandeep Nayyar, Mary Puma, and Maximiliane Straub. Class III directors consist of Min Yong Ha and Penelope Herscher. The current terms of our Class I directors expire at the Annual Meeting.

The following table sets forth information regarding the Board nominees and other members of the Board as of December 8,