SVP, GC at Penguin Solutions, Inc. Sells $40,649 in Stock

Anne Kuykendall, who serves as SVP, GC at Penguin Solutions, Inc. (PENG), sold 738 shares of the company's stock, according to a disclosure filed with the U.S. Securities and Exchange Commission.

The transaction was executed at a price of $55.08 per share, for a total value of approximately $40,649.

Insider transactions of this kind are publicly disclosed through Form 4 filings with the SEC, which must generally be submitted within two business days of the trade date.

Sales by insiders often reflect routine portfolio management or pre-scheduled trading plans rather than a view on the company's prospects.