Penguin Solutions, Inc.
For the period ended Nov 29, 2024. Filed Jan 8, 2025.
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Nov 29, 2024 · Filed Jan 8, 2025
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Item 5. Other Information
On November 7, 2024, Penelope Herscher, a member of our Board of Directors, adopted a Rule 10b5-1 trading arrangement (the “Herscher 10b5-1 Plan”) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The Herscher 10b5-1 Plan provides for the sale of up to 2,728 ordinary shares acquired by Ms. Herscher upon the future vesting of restricted share units, subject to pre-established limit prices, commencing on February 10, 2025 and continuing until all shares are sold or until November 7, 2025, whichever occurs first.
During the fiscal quarter ended November 29, 2024, no other dire ctors or officers of Penguin Solutions adopted orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408 of Regulation S-K).
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