Form 4 for PENG Penguin Solutions, Inc.
Accepted 2023-07-07 00:00:00 ET · period of report 2023-07-05 · accession 0001140361-23-033799 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-07-07 | 2023-07-05 | PENG | Adams Mark | Pres, CEO, Dir | M - OptEx | $13.50 | +343.8K | 1.16M | +42% | +$4.64M |
| D | 2023-07-07 | 2023-07-05 | PENG | Adams Mark | Pres, CEO, Dir | F - Tax | $27.06 | -256.9K | 901.9K | -22% | -$6.95M |
| D | 2023-07-07 | 2023-07-05 | PENG | Adams Mark | Pres, CEO, Dir | M - OptEx | $0.00 | -343.8K | 156.2K | -69% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2023-07-05 | M | A | 343,750 | $13.50 | 1,158,795 | D | — | — | |
| 2 | Common | Ordinary Shares | 2023-07-05 | F | D | 256,867 | $27.06 | 901,928 | D | — | — | |
| 3 | Derivative | Employee Stock Option (right to buy) | 2023-07-05 | M | D | 343,750 | $0.00 | 156,250 | D | $13.50 · — to 2030-09-28 | 343,750 Ordinary Shares | (F3) On February 1, 2022, the Issuer paid a share dividend of one (1) ordinary share for every one (1) ordinary share owned to shareholders of record as of January 25, 2022. The numbers in this Form 4 have been adjusted for the share dividend, which was exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-9 thereunder. (F2) The option will generally vest and become exercisable over a period of four years, subject to continued employment as CEO through each vesting date, with (i) 25% having vested and become exercisable on September 28, 2021 and (ii) the remainder vesting and becoming exercisable in equal monthly installments over the next three years. |