Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 113

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 113
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acheco that are scheduled to be released within 60 days of March 17, 2025.                                                                                              |

| (19) | Consists of 14,106 Penguin Solutions Cayman ordinary shares held of record by Mr. Rizvi. |

| (20) | Includes (i) 1,051,963 Penguin Solutions Cayman ordinary shares held of record by our current executive                                                                                                                                                  
 officers and directors, (ii) 34,224 Penguin Solutions Cayman ordinary shares indirectly held of record by our current executive officers and directors, (iii) 222,916 Penguin Solutions Cayman ordinary shares issuable pursuant to outstanding share    
 options that are currently exercisable or will be exercisable within 60 days of March 17, 2025, and (iv) 73,302 Penguin Solutions Cayman ordinary shares issuable pursuant to outstanding RSUs that are scheduled to be released within 60 days of March 
 17, 2025.                                                                                                                                                                                                                                                |

99

SUBMISSION OF FUTURE SHAREHOLDER PROPOSALS

Penguin Solutions Cayman

Penguin
Solutions Cayman’s annual general meeting of shareholders for 2025 occurred on February 7, 2025. Penguin Solutions Cayman expects to hold its 2026 annual general meeting of shareholders (the “2026 Annual General Meeting”)
on or about February 6, 2026. Shareholders wishing to present proposals for inclusion in our proxy statement for the 2026 Annual General Meeting pursuant to Rule 14a-8 of the Exchange Act, must submit
their proposals so that they are received by us at our U.S. executive offices no later than August 22, 2025. Proposals should be sent to our Secretary, c/o Penguin Solutions, Inc., 1390 McCarthy Boulevard, Milpitas, CA 95035. However, if the
date of our 2026 Annual General Meeting is changed by more than 30 days from the date of our 2025 annual general meeting, then the deadline for receipt of any shareholder proposal submitted pursuant to Rule
14a-8 is a reasonable time before we begin to print and send our proxy materials.

For other
business to be brought before the shareholders at an annual general meeting of shareholders outside of Rule 14a-8 of the Exchange Act, shareholders must notify the Penguin Solutions Cayman secretary in writing
not less than 45 days prior to the anniversary date on which Penguin Solutions Cayman mailed proxy materials for the prior year’s