PENG Penguin Solutions, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q2 2026: $6M, Q1 2026: $11M, Q3 2025: $2M, Q2 2025: $3M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $6M vs trailing avg $5M (+21%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $22M / FCF $150M = 15% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 448,000 shares = 3.4% of 52,738,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $1M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 2827163.1x more than bought. 2 C-suite officers among sellers

• Kuykendall Anne (SVP and Chief Legal Officer) sold 738 shares on 2026-04-22
• Kuykendall Anne (SVP and Chief Legal Officer) sold 4,000 shares on 2026-03-16
• Kuykendall Anne (SVP and Chief Legal Officer) sold 4,000 shares on 2026-02-25
• Pacheco Jack A (EVP, COO, Pres, Integrated Mem) sold 3,447 shares on 2025-07-21
• Pacheco Jack A (EVP, COO, Pres, Integrated Mem) sold 60,000 shares on 2025-07-21