Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 72

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 72
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PIs relative to the fair market value of its non-U.S.real property interests and other trade or business assets, there can be no assurance that Penguin Solutions Delaware will not be or become a USRPHC in the future. Even if Penguin Solutions Delaware were to be or become a USRPHC, gain arising from the sale or other taxable disposition by a Non-U.S.Holder of shares of Penguin Solutions Delaware common stock will not be subject to U.S. federal income tax if shares of Penguin Solutions Delaware common stock are “regularly traded,” as defined by applicable U.S. Treasury Regulations, on an established securities market, and such Non-U.S.Holder did not own, actually or constructively, more than 5% of the shares of Penguin Solutions Delaware common stock at any time during the shorter of the five-year period ending on the date of the sale or other taxable disposition of the shares of Penguin Solutions Delaware common stock or the Non-U.S.Holder’s holding period for the shares of Penguin Solutions Delaware common stock. Non-U.S.Holders should consult their tax advisors regarding any applicable tax treaties that may provide for different rules. Information Reporting and Backup Withholding Payments of dividends on shares of Penguin Solutions Delaware common stock will not be subject to backup withholding, provided that the Non-U.S.Holder certifies its non-U.S.status, such as by furnishing a valid IRS Form W-8BEN, W-8BEN-Eor W-8ECI,or otherwise establishes an exemption. However, information reporting will apply in connection with any distributions on shares of Penguin Solutions Delaware common stock 45

paid to the Non-U.S. Holder, regardless of whether such distributions constitute dividends or whether any tax was actually withheld.

Proceeds of a sale or other taxable disposition of shares of Penguin Solutions Delaware common stock within the United States or conducted
through certain U.S.-related brokers generally will not be subject to backup withholding or information reporting if the applicable withholding agent receives the certification described above or the Non-U.S.
Holder otherwise establishes an exemption. Proceeds of a disposition of shares of Penguin Solutions Delaware common stock conducted through a non-U.S. office of a
non-U.S. broker that does not have certain enumerated relationships with the United States generally will not be subject to backup withholding or information reporting.

Copies of information returns that are filed with the IRS may also be made available under the provisions of an applicable treaty or agreement
to the tax authorities of the country in which the Non-U.S. Holder resides or is established