Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 101

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 101
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 income ; and

• Relative TSR.

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For additional details regarding our most important financial performance measures, please see the sections titled “ Elements of Executive Compensation – Short-Term Cash Incentive Compensation” and “Elements of Executive Compensation – Equity Compensation ” in our CD&A above.

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### EQUITY COMPENSATION PLAN INFORMATION
The following table provides certain information as of August 29, 2025 with respect to all of our equity compensation plans in effect on that date.

| Plan Category                                                 |     | (a) Number of Securities to be Issued Upon Exercise of Outstanding Options and Rights |           |     |    |     | (b) Weighted-Average Exercise Price of Outstanding Options and Rights(1) |       |     | (c) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) |           |     |    |
|:--------------------------------------------------------------|:----|:--------------------------------------------------------------------------------------|----------:|:----|---:|:----|:-------------------------------------------------------------------------|------:|:----|:------------------------------------------------------------------------------------------------------------------------------------------------|----------:|:----|---:|
| Equity compensation plans approved by security holders(2)     |     |                                                                                       | 3,945,538 |     | -3 |     | $                                                                        | 13.74 |     |                                                                                                                                                 | 6,776,368 |     | -4 |
| Equity compensation plans not approved by security holders(5) |     |                                                                                       |   356,399 |     | -6 |     | $                                                                        |     — |     |                                                                                                                                                 | 1,856,341 |     |    |
| Total                                                         |     |                                                                                       | 4,301,937 |     |    |     | $                                                                        | 13.74 |     |                                                                                                                                                 | 8,632,709 |     |    |

(1) Represents the weighted-average exercise price of outstanding options. Because RSUs do not have an exercise price, the weighted-average exercise price does not take into account outstanding RSUs.

(2) Consists of the 2017 Plan and the ESPP.

(3) Consists of 522,094 shares of common stock underlying outstanding options, 2,859,184 shares of common stock underlying outstanding RSUs, and 564,260 shares of common stock underlying outstanding PSUs (based on target performance). Does