Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 109

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 109
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 shares through a broker or nominee, we recommend that you contact your broker or nominee directly for more information on the procedures by which your Penguin Solutions Cayman ordinary shares can be voted. Your broker or
nominee will not be able to vote your Penguin Solutions Cayman ordinary shares unless it receives appropriate instructions from you.

Validity

The chairperson of the Scheme Meeting will determine all questions as to validity, form and eligibility, including time of receipt and
acceptance of proxies. His or her determination will be final and binding, provided, however, that such determination is subject to any decision made by a court of competent jurisdiction upon a lawful challenge to his or her determination. The
chairperson of the Scheme Meeting has the right to waive any irregularities or conditions as to the manner of voting. The chairperson of the Scheme Meeting may accept your proxy by any form of written or electronic communication of the proxy
instrument permitted under the Cayman Companies Act so long as he or she is reasonably assured that the communication is authorized by you. Mark Adams has been appointed as chairperson of the Scheme Meeting.

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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth, as of March 17, 2025, information regarding the beneficial ownership of Penguin Solutions Cayman shares held by: (1) each of our current directors and each of our named executive officers; (2) all of our current directors and executive officers as a group; and (3) each holder known to us to hold beneficially more than 5% of any class of our ordinary shares or our convertible preferred shares. To our knowledge, except as otherwise indicated, each of the persons listed below has sole or shared voting and investment power with respect to all Penguin Solutions Cayman ordinary shares or Penguin Solutions Cayman convertible preferred shares beneficially owned by him or her. For purposes of the table below, “beneficial ownership” is determined in accordance with Rule 13d-3 under the Exchange Act, pursuant to which a person or group of persons is deemed to have “beneficial ownership” of any Penguin Solutions Cayman ordinary shares or Penguin Solutions Cayman convertible preferred shares that such person has the right to acquire within sixty days after March 17, 2025. We have based our calculation of the percentage of beneficial ownership on 53,669,338 Penguin Solutions Cayman ordinary shares outstanding as of March 17, 2025 and 200,000 Penguin Solutions Cayman convertible preferred shares outstanding as of March 17