Frey Anthony George, an officer at Penguin Solutions, Inc., has filed a Form 144 to sell 4,631 shares of the company's common stock. This transaction, valued at approximately $281,564.80, was reported on October 29, 2026. Such actions are often seen as part of broader stock management strategies by company executives.

Background

Penguin Solutions, Inc., previously known as Smart Global Holdings, Inc., operates in the semiconductor and related devices sector. The company is incorporated in Delaware and is listed on NASDAQ under the SEC file number 001-38102. Its business address is located at 45800 Northport Loop West, Fremont, CA 94538.

What the Filing Says

The filing indicates that Anthony Frey acquired the shares through Restricted Stock Units on October 20, 2026. The filing states, "The nature of acquisition transaction is Restricted Stock Units." Frey has reported that there is nothing to report on securities sold in the past three months.

Impact

This sale may affect investor sentiment towards Penguin Solutions as it reflects the company's stock management practices. Observers in the semiconductor industry will likely analyze this move, considering the competitive landscape and market conditions.

What's Next

The filing does not say what happens next.

Details of the Transaction

According to the filing, the shares were acquired on October 20, 2026, through Restricted Stock Units, which indicates a structured compensation method often used by companies to incentivize their executives. The transaction was executed on October 29, 2026, and involved a total of 4,631 shares of common stock.

Broker Information

The filing specifies that the broker handling the transaction is Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004. This brokerage is known for providing financial services to a wide range of clients, including corporate executives.

Outstanding Shares

As reported in the filing, there are a total of 60,241,423 shares of Penguin Solutions' common stock outstanding. This figure provides context for the scale of the transaction relative to the overall equity structure of the company.

Regulatory Context

The Form 144 is a notice of proposed sale of securities and is required under the 1933 Act. It serves to inform the SEC and the public about the intention of insiders to sell shares, which can be a significant indicator of the company's internal dynamics and market sentiment.

Absence of Additional Transactions

The filing confirms that there have been no securities sold by Anthony Frey in the past three months, suggesting that this transaction may be a strategic decision rather than a response to immediate market pressures.