Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 102

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 102
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 not include rights to acquire shares of common stock under the ESPP.

(4) Consists of 4,785,460 shares of common stock available for issuance under the 2017 Plan and 1,990,908 shares of common stock available for issuance under the ESPP (of which 247,451 shares of common stock were purchased in the offering period in effect on August 29, 2025 that ended October 15, 2025).

(5) Consists of the Inducement Plan.

(6) Consists of 243,210 shares of common stock underlying outstanding RSUs and 113,189 shares of common stock underlying outstanding PSUs (based on target performance).

The number of shares reserved under the 2017 Plan is subject to an automatic annual increase on the first day of each fiscal year (ending with the fiscal year starting September 1, 2026), equal to the lesser of (i) 3,000,000 shares, (ii) 2.5% of the shares of common stock outstanding on such date, and (iii) an amount determined by the Board.

The number of shares authorized for sale under the ESPP is subject to an automatic annual increase on each September 1 (through and including September 1, 2027), equal to the lesser of (i) 600,000 shares, (ii) 1.5% of the shares of common stock outstanding on the last day of the immediately preceding fiscal year, and (iii) an amount determined by the Board.

Our Inducement Plan provides for the issuance of equity awards to provide inducements for certain individuals to enter into employment with us within the meaning of Rule 5635(c)(4) of the Nasdaq Marketplace Rules, and to motivate such persons to contribute to, and to enable them to share in any long-term growth and financial success we may experience. Such awards include options, stock appreciation rights, RSAs, RSUs, and performance-based awards such as PSAs and PSUs.

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### CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS
Transactions with Related Persons, Promoters, and Certain Control Persons

The following are certain transactions, arrangements, and relationships with our directors, executive officers, and stockholders owning 5% or more of any class of our voting securities, or any member of the immediate family of any of the foregoing persons, since the beginning of fiscal 2025, other than certain equity