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. Q3 2026: $32M, Q2 2026: $6M, Q1 2026: $11M, Q3 2025: $2M

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

Latest quarter $32M vs trailing avg $7M (+381%)

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

Buyback $51M / FCF $328M = 16% 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 $3M 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 4159597.1x more than bought. 1 C-suite officers among sellers

• Kuykendall Anne (SVP and Chief Legal Officer) sold 739 shares on 2026-07-22
• Kuykendall Anne (SVP and Chief Legal Officer) sold 200 shares on 2026-06-15
• Kuykendall Anne (SVP and Chief Legal Officer) sold 2,104 shares on 2026-06-15
• Kuykendall Anne (SVP and Chief Legal Officer) sold 1,596 shares on 2026-06-15
• Kuykendall Anne (SVP and Chief Legal Officer) sold 100 shares on 2026-06-15
• Kuykendall Anne (SVP and Chief Legal Officer) sold 300 shares on 2026-05-26
• Kuykendall Anne (SVP and Chief Legal Officer) sold 1,600 shares on 2026-05-26
• Kuykendall Anne (SVP and Chief Legal Officer) sold 2,100 shares on 2026-05-26
• 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