<SEC-DOCUMENT>0001776828-25-000003.txt : 20251001
<SEC-HEADER>0001776828-25-000003.hdr.sgml : 20251001
<ACCEPTANCE-DATETIME>20251001210024
ACCESSION NUMBER:		0001776828-25-000003
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250929
FILED AS OF DATE:		20251001
DATE AS OF CHANGE:		20251001

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Olmstead Nathan
		CENTRAL INDEX KEY:			0001776828
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38102
		FILM NUMBER:		251366400

	MAIL ADDRESS:	
		STREET 1:		C/O LOGITECH INC.
		STREET 2:		7700 GATEWAY BOULEVARD
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Penguin Solutions, Inc.
		CENTRAL INDEX KEY:			0001616533
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				365142687
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0830

	BUSINESS ADDRESS:	
		STREET 1:		1390 MCCARTHY BLVD
		CITY:			MILPITAS
		STATE:			CA
		ZIP:			95035
		BUSINESS PHONE:		(510) 623-1231

	MAIL ADDRESS:	
		STREET 1:		1390 MCCARTHY BLVD
		CITY:			MILPITAS
		STATE:			CA
		ZIP:			95035

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMART Global Holdings, Inc.
		DATE OF NAME CHANGE:	20140813
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1759366821.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-09-29</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001616533</issuerCik>
        <issuerName>Penguin Solutions, Inc.</issuerName>
        <issuerTradingSymbol>PENG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001776828</rptOwnerCik>
            <rptOwnerName>Olmstead Nathan</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O PENGUIN SOLUTIONS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>45800 NORTHPORT LOOP WEST</rptOwnerStreet2>
            <rptOwnerCity>FREMONT</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94538</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP and CFO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-09-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>19755</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>99079</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents restricted stock units that will vest as to 6.25% on January 20, 2026, with the remainder vesting quarterly thereafter in 15 equal installments, subject to the recipient's continued employment through each applicable vesting date.</footnote>
    </footnotes>

    <remarks>Exhibit 24.1 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Anne Kuykendall as attorney-in-fact for Nathan Olmstead</signatureName>
        <signatureDate>2025-10-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>2
<FILENAME>olmsteadpoa.txt
<DESCRIPTION>EX-24.1
<TEXT>
		SECTION 16 AND FORM 144
		 POWER OF ATTORNEY

	With respect to holdings of and transactions in securities issued by
Penguin Solutions, Inc., a Delaware corporation (the "Company"), the
undersigned hereby constitutes and appoints the individuals named on Schedule
A attached hereto and as may be amended from time to time, or any of them
signing singly, with full power of substitution and resubstitution, to act as
the undersigned's true and lawful attorney-in-fact to:

	1.	execute for and on behalf of the undersigned, Schedules 13D and
13G in accordance with Section 13 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and the rules thereunder, and Forms 3, 4, and 5
in accordance with Section 16 of the Exchange Act and the rules thereunder, and
Notices of Proposed Sale of Securities Pursuant to Rule 144 ("Form 144"), in
accordance with the requirements of Rule 144 under the Securities Act of 1933,
as amended (the "Securities Act"); and

	2.	do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and execute any
such Schedule 13D, Schedule 13G, Form 3, Form 4, Form 5, and Form 144, complete
and execute any amendment or amendments thereto, and to timely file such
Schedule 13D, Schedule 13G, Form 3, Form 4, Form 5, and Form 144, as
applicable, and any amendment thereto, with the United States Securities and
Exchange Commission and any stock exchange or similar authority.

	The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution and resubstitution or revocation, hereby ratifying and confirming
all that such attorney-in-fact, or such attorneys-in-fact substitute or
substitutes, shall lawfully do or cause to be done by virtue of this Power of
Attorney and the rights and powers herein granted.

	The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming,
nor is the Company assuming, any of the undersigned's responsibilities to
comply with Section 13 and Section 16 of the Exchange Act, or Rule 144 under
the Securities Act.

	This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file any Schedule 13D, Schedule 13G, Form
3, Form 4, Form 5, and Form 144 with respect to the undersigned's holdings of
and transactions in securities issued by the Company, unless earlier revoked by
the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.

	IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 25th day of June, 2025.

/s/ Nate Olmstead


		  Schedule A

	INDIVIDUALS APPOINTED AS ATTORNEY-IN-FACT,
	WITH FULL POWER OF SUBSTITUTION AND RESUBSTITUTION

	1.	Mark Adams, Chief Executive Officer of the Company
	2.	Anne Kuykendall, Chief Legal Officer of the Company
	3.	Angela Chen, Head of Corporate Legal of the Company








</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
