Silver Lake Sumeru (Offshore) AIV GP, Ltd.

Silver Lake Sumeru (Offshore) AIV GP, Ltd. discloses dealings in Penguin Solutions, Inc. to SEC (Form 4). Between 30 May 2017 and 7 January 2021, the trades on record add up to 22 filings.

Both buying and selling appear: 4 purchases worth €14.8M, against 18 sales worth €224.5M. Netting one side against the other leaves €209.7M of net selling. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. So far in 2021, the count stands at no purchases and 8 sales.

Half of the purchases are above €2.5M and half below. On 4 out of 4 purchases, another insider of the same company was buying within the same 30 days. Purchases made close together by different insiders form what is called a cluster. Looking at 4 purchases old enough to measure, the stock rose over the following 90 days in 100% of cases; the median change was +41.0%. They describe history only and say nothing certain about the share price ahead.

On 8 January 2021 came the latest disclosure, an open-market sale for €23.8M in Penguin Solutions, Inc. The last insider purchase was made public on 1 June 2017, 3,448 days ago. Filings reach the SEC (Form 4) feed a median of 1 day after the trade. Section 16 rules allow two business days to file each Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.