Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 44

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 44
---
 under “ Certain Relationships and Related Person Transactions ” below), under which SKT and its affiliates are required to vote their shares of Issued CPS in accordance with the recommendation of our Board.

<div align='center'>34</div>

#### Vote Required
To be approved, the holders of a majority in voting power of the votes cast (excluding abstentions and broker non-votes) on Proposal No. 3 must be voted “FOR” the approval, on a non-binding advisory basis, of the compensation of our NEOs. Only votes “FOR” or “AGAINST” will affect the outcome. Abstentions and broker non-votes will have no effect on Proposal No. 3.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE APPROVAL, ON A NON-BINDING ADVISORY BASIS, OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS
(PROPOSAL NO. 3)

35

OTHER INFORMATION RELATED TO PENGUIN SOLUTIONS, THE</div>

#### DIRECTORS, AND THE EXECUTIVE OFFICERS
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table presents the beneficial ownership of our shares as of December 8, 2025 for:

• Each of our NEOs (as defined in our “ Compensation Discussion and Analysis ” below);

• Each of our directors;

• Each person known to us to be the beneficial owner of more than 5% of any class of our voting securities; and

• All of our current executive officers and directors as a group.

We have determined beneficial ownership in accordance with the rules of the SEC. Except as indicated by the footnotes below, we believe, based on the information furnished to us, that the persons and entities named in the tables below have sole or shared voting and investment power with respect to all shares that they beneficially own, subject to applicable community property laws.

Shares of common stock subject to options under the Penguin Solutions, Inc. Amended and Restated 2017 Stock Incentive Plan (the “2017 Plan”) that are currently exercisable or exercisable within 60 days of December 8, 2025, and RSUs under the 2017 Plan and the Penguin Solutions, Inc. Amended and Restated 2021 Inducement Plan (the “Inducement Plan”) that are scheduled to be released within 60 days of December 8, 2025 (excluding any