Anthony Frey, an officer of Penguin Solutions, Inc., filed a Form 144 notice of proposed sale of securities on October 29, 2026, disclosing an intent to sell 4,631 shares of common stock through Morgan Stanley Smith Barney LLC.

Key Highlights

  • Seller and role: Anthony Frey, listed as an officer of Penguin Solutions, Inc., filed the notice.
  • Shares proposed for sale: 4,631 shares of common stock, with an aggregate market value of $281,564.80, according to the filing.
  • Source of shares: The filing indicates the shares were acquired on October 20, 2026, via Restricted Stock Units granted by the issuer.
  • Approximate sale date: October 29, 2026, on the NASDAQ exchange.
  • Shares outstanding: The filing states 60,241,423 shares of common stock were outstanding at the time of the notice.
  • 10b5-1 plan: The filing notes a plan adoption date of July 30, 2026, indicating reliance on a Rule 10b5-1 trading plan.
  • Prior sales: The filing reports nothing to disclose regarding securities sold during the past three months.

Penguin Solutions Officer Frey Files Proposed Sale Under Rule 144

According to the Form 144 filed with the U.S. Securities and Exchange Commission, Anthony Frey, identified as an officer of Penguin Solutions, Inc. (NASDAQ:PENG), proposed to sell 4,631 shares of the company's common stock. The filing lists the broker facilitating the proposed sale as Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004. The aggregate market value of the proposed sale was reported as $281,564.80.

The filing discloses that the 4,631 shares were acquired on October 20, 2026, through Restricted Stock Units from the issuer, Penguin Solutions, Inc., headquartered at 45800 Northport Loop West, Fremont, California 94538. The date of payment for the acquisition is listed as October 20, 2026, with the nature of payment noted as "N/A" in the filing. The filing reports that no securities of the issuer were sold by Frey during the past three months prior to this notice.

The notice indicates that Frey is relying on a Rule 10b5-1 trading plan, with a plan adoption date of July 30, 2026. By signing the form, the filing states that Frey represented he did not know of any material adverse information regarding the current and prospective operations of Penguin Solutions that had not been publicly disclosed, as of the plan adoption date. The filing was submitted as a live filing dated October 29, 2026.

What Was Disclosed

Penguin Solutions officer Anthony Frey filed a Form 144 on October 29, 2026, proposing to sell 4,631 shares of common stock with an aggregate market value of $281,564.80, acquired via Restricted Stock Units on October 20, 2026, under a Rule 10b5-1 plan adopted July 30, 2026.