Company: PENG
Filing Date: 2025-01-08
Form Type: 10-Q
Source: 0001628280-25-000944
Chunk: 104

Company: Penguin Solutions, Inc.
Filing Date: 2025-01-08
Form: 10-Q
Item: Part II, Item 8
Chunk 104
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 $16.68 467,040 $69,906,000 467,040 $16.68 467,040 

Item 3. Defaults Upon Senior Securities

None.

34

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

On November 7, 2024, Penelope Herscher, a member of our Board of Directors, adopted a Rule 10b5-1 trading arrangement (the “Herscher 10b5-1 Plan”) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The Herscher 10b5-1 Plan provides for the sale of up to 2,728 ordinary shares acquired by Ms. Herscher upon the future vesting of restricted share units, subject to pre-established limit prices, commencing on February 10, 2025 and continuing until all shares are sold or until November 7, 2025, whichever occurs first.

During the fiscal quarter ended November 29, 2024, no other directors or officers of Penguin Solutions adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408 of Regulation S-K).

Item 6. Exhibits

INDEX TO EXHIBITS

Incorporated by ReferenceExhibitNo.DescriptionFiledHerewithFormFile No.ExhibitFilingDate3.1Third Amended and Restated Memorandum and Articles of Association of Penguin Solutions, Inc.8-K001-381023.110/15/20243.2Certificate of Designation of Convertible Preferred Shares8-K001-381023.112/16/20244.1Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Exchange Act of 193410-K001-381024.110/25/202110.1*Independent Director Compensation Policy10-K001-3810210.1610/24/202431.1Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002X31.2Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d