展品 19.1
企鵝解決方案公司
內幕交易和保密政策
內幕交易和保密政策
有定期機會可以交易由企鵝解決方案公司發行或相關證券（與其子公司一起稱爲「公司」或「企鵝解決方案」）。 這些機會帶來的責任是遵守禁止內幕交易的聯邦和州證券法律。 違反這些法律將帶來嚴重後果。
本政策（「政策」）旨在制定公司規則和程序，以防止內幕交易。您有責任理解並遵守本政策。在所有情況下，確定您是否持有重要的非公開信息的責任在於您，企鵝解決方案或其董事、高管或僱員的任何行動都不構成法律建議，也不能使您免於適用證券法下的責任。
1.0 應用程序
本政策適用於所有公司董事、高管和員工，某些指定的顧問和承包商可能會訪問有關Penguin Solutions的重要、非公開信息，以及他們的家庭成員（每位「被覆蓋人」或「您」）。對於本政策而言，「家庭成員」包括人的配偶、父母、子女、兄弟姐妹、岳父母、女婿、女婿、嫂嫂和公公婆婆，以及任何與此人共同居住的人（除了家庭僱員）。本政策還適用於您控制或受到受本政策約束的個人控制的實體，包括任何公司、合夥企業或信託，對於此類實體的交易應根據本政策和適用證券法的目的進行處理，如同這些交易是爲您自己的帳戶進行的；但是，如果此類實體已經根據適用法規建立了自己的內幕交易控制和程序（例如，投資基金或合夥企業），此政策不適用於任何從事證券投資的這類實體。
證券法也適用於前僱員和董事及其家庭成員，只要他們持有企鵝解決方案的重要非公開信息。
2.0 禁止活動
2.1 除非在交易窗口期間，否則不得進行交易
董事、高級職位（即11級及以上員工）、財務和法律部門的所有員工以及他們的家庭成員，只能在公司證券的'交易窗口'內進行交易或贈與（「交易」），除非此類交易或贈與是根據適當合格、採納和提交的第10b5-1條款交易計劃進行的，該計劃詳見本政策第4.1節。企鵝解決方案通常每季度設有一個交易窗口。每個交易窗口（a）在企鵝解決方案發布盈利公告後一個完整的交易日後開始開放市場交易（或其他廣泛宣傳方式），並且在當季度最後一個月的第十五個日曆日關閉市場（如果當天是非交易日，則在該日之前最近的交易日）。1根據本政策，'交易日'指納斯達克證券交易市場對交易開放的日子。例如，如果企鵝解決方案在星期二發佈盈利公告或公開的重要非公開信息，並且納斯達克證券交易市場在星期三開放交易，則交易窗口將在星期四開放市場交易。如果企鵝解決方案在星期五發布盈利公告或包含重要非公開信息的公告，並且納斯達克證券交易市場在星期一開放交易，則交易窗口將在星期二開放市場交易。
公司不時可能會實施特定活動的專門停止交易期，期間一些或所有公司高管和董事，以及合規主管指定的某些其他員工，都被禁止交易公司證券。
1 爲避免疑問，如果當時的財務季度在某月的第一週結束，則交易窗口將在前一個月的第十五個日曆日關閉。
2.2 當持有關鍵的非公開信息時，禁止交易或透露。
如果您掌握企鵝解決方案的重要、未公開信息，則不得進行公司證券的交易，除非該交易或禮物是根據經妥善合格、採納並提交的10b5-1交易計劃規則進行的，這些規定詳見本政策的第4.1節。
材料信息的定義
要全面描述構成"重大"信息是困難的，在本政策的目的上，您應該假設對於投資者決定購買、賣出或持有公司股票是否有重要意義的任何信息，無論是正面的還是負面的，都應被視爲"重大"。 即使這些信息僅作爲對投資者重要的信息總體的一部分，單獨這些信息不會決定投資者的決定，但信息仍可能是"重大"的。 "重大"信息的例子包括：
•與市場預期有任何不同的內部財務信息
•銷售、收入或分紅派息的變化
•一筆重要的融資交易
•股票拆分或與公司股份有關的其他交易
•Penguin Solutions出售或購買其自身證券
•合併，要約收購或其他公司的收購
•資產的重大購買或出售
•重大管理變動
•重大訴訟或監管發展
•重要的流程或產品發展
•主要客戶或供應商的盈利或損失
•與其他公司或實體的重大交易，如合資企業或許可協議
•外部事件對企鵝解決方案的運營結果產生或將產生實質影響的程度，包括但不限於大流行病。
•一起被公司認定爲重大的網絡安全或數據安全事件
請注意，這個列表僅供參考，並非詳盡無遺。
非公開信息的定義
「未公開」信息是指尚未向公衆普遍披露的任何信息。爲了使信息被視爲「公開」，必須以廣泛傳播的方式加以傳播，使其對投資者普遍可獲得，例如通過新聞發佈、向美國證券交易委員會提交備案或符合FD法規規定的電話會議等方式。合規主管應有絕對自主權，決定信息是否屬於本政策的公開目的。
即使謠言準確並在媒體上報道，也不構成公共傳播。此外，即使在公開公告後，市場可能需要一段合理的時間才能對信息做出反應。
禁止進行交易或內幕消息外洩
在您掌握有關企鵝解決方案的重要非公開資訊時，即使在交易窗口期間，您也不得進行公司證券交易。此外，如果企鵝解決方案向媒體發布重要的非公開信息，或者媒體報導該信息，您在未經過一個完整的交易日後，不得進行公司證券交易。
如果您得知其他公司（例如供應商、客戶或合資企業夥伴）的重要、非公開信息，或者您得知企鵝解決方案正計劃與其他公司（例如進行收購）進行重大交易，您必須等到該信息至少公開一個完整交易日後，才能進行該公司的證券交易。
從時間到時間，已覆蓋人員中的一部分可能會意識到有關特定事件的重要但非公開信息，如收購。在這種情況下，企鵝解決方案可能會實施黑名單期間，在此期間這些受限人員不能在公司證券中進行交易。
被覆蓋的人員被禁止提供關於實質但非公開信息的「內部消息」，即直接或間接向任何其他人，包括家庭成員和親戚，披露此類信息，以便他們可轉讓公司股份。
這些禁令將持續，只要涵蓋人員持有關於公司的實質、非公開信息，包括在終止有關個人對企鵝解決方案服務或就業後。
2.3 No short sales, hedging, margin accounts, or pledging
You may not engage in short sales, defined as the sale of shares that you do not own or a sale that is consummated by the delivery of shares borrowed by or on account of you.
You may not enter into hedging or monetization transactions or similar arrangements with respect to Company shares, including the purchase or sale of puts or calls or the use of any other derivative instruments. Hedging transactions may insulate you from upside or downside price movement in Company shares, which can result in the perception that you no longer have the same interests as Penguin Solutions’ other shareholders.
You may not hold Company securities in a margin account nor pledge Company securities as collateral for a loan. Securities held in a margin account or pledged as collateral for a loan may be sold without your consent by the broker if you fail to meet a margin call or by the lender in foreclosure if you default on the loan. A margin or foreclosure sale that occurs when you are aware of material, nonpublic information may, under some circumstances, result in unlawful insider trading.
3.0 Special trading procedures for Insiders
Because officers and directors subject to the reporting obligations under Section 16 of the Exchange Act (“Insiders”) regularly have access to material, nonpublic information in the course of performing their duties, they must comply with additional procedures in order to transact in Company securities, even if such trade or gift is during an open window and the Insider believes they do not have any material, nonpublic information.
3.1 Pre-clearance procedures
Reasonably in advance of the planned transaction, an Insider must submit a preclearance request (attached hereto as Exhibit A) to the Compliance Officer via email. The Insider must obtain written pre-approval from the Compliance Officer or their designee prior to proceeding with the proposed transaction, which generally will be approved within 24 hours. In the event of a proposed transaction by the Compliance Officer, such pre-clearance request shall be submitted to the Chief Financial Officer.
If a proposed trade or gift receives pre-clearance, the trade or gift must be effected within five business days of receipt of pre-clearance unless a specific exception has been granted in writing by the
Compliance Officer or their designee prior to expiration of the four business day period. If the Insider becomes aware of material, nonpublic information before the trade or gift is executed, the pre-clearance is void and the trade or gift must not be completed. Transactions not effected within the time limit become subject to pre-clearance again.
If a proposed trade or gift is denied pre-clearance, the Insider must refrain from initiating any transaction in securities of the Company. A response from Penguin Solutions’ legal department that a trade or gift request has been denied must be kept confidential to avoid signaling to other employees that something nonpublic and material may be happening with respect to Penguin Solutions.
The Compliance Officer does not assume the responsibility for, and approval of the Compliance Officer does not protect the Insider from, the consequences of prohibited insider trading.
None of the Company, the Compliance Officer, or the Company’s other employees will have any liability for any delay in reviewing, or refusal of, a request for pre-clearance.
3.2 Reporting obligations
Insiders must provide the Compliance Officer with a copy of any trade order or confirmation relating to the purchase or sale or gift of Company securities within one business day of any such transaction. This information is necessary to enable us to monitor trading by executive officers and directors and ensure that all such trades or gifts are properly reported. Your adherence to this policy is vital to your protection as well as Penguin Solutions’.
3.3 Short-swing trading/control stock/Section 16 reports
Insiders should take care not to violate the prohibition on short-swing trading (Section 16(b) of the Exchange Act) and the restrictions on sales by control persons (Rule 144 under the Securities Act of 1933, as amended), and should confirm that all appropriate Section 16(a) reports (Forms 3, 4 and 5), and any notices of sale required by Rule 144 are completed and filed in a timely manner.
4.0 Exceptions
4.1 Pre-approved 10b5-1 Trading Plans
Rule 10b5-1 (“Rule 10b5-1”) under the Securities Exchange Act of 1934 (the “Exchange Act”) provides an affirmative defense against a claim of insider trading liability under the federal securities laws if a trade is made pursuant to a written contract, plan or instruction entered into in accordance with Rule 10b5-1 (a “10b5-1 Trading Plan”).
Transactions pursuant to a pre-approved 10b5-1 Trading Plan are not subject to the Trading Window requirements or the prohibition on trading when in possession of material, nonpublic information. Penguin Solutions will permit certain Covered Persons to enter into a 10b5-1 Trading Plan provided that the plan:
•Is expressly authorized by the Compliance Officer;
•Is documented in writing;
•Is established in an open Trading Window, as discussed in Section 2.1 of this Policy, and when such person does not have material, nonpublic information as discussed in Section 2.2 of this Policy;
•Includes a “Cooling Off Period” under which no purchases or sales may occur for
–Insiders that extends to the later of 90 days after adoption or modification of a 10b5-1 Trading Plan or two business days after filing of the Form 10-K or Form 10-Q covering the fiscal quarter in which the 10b5-1 Trading Plan was adopted, up to a maximum of 120 days; and
–Employees and any other persons, other than the Company, that extends 30 days after adoption or modification of a 10b5-1 Trading Plan.
•For Insiders, includes a representation in the Trading Plan that the Insider is (a) not aware of any material, nonpublic information about the Company or its securities and (b) adopting the 10b5-1 Trading Plan in good faith and not as part of a plan or scheme to evade Rule 10b5-1;
•Has been entered into in good faith at a time when the individual was not in possession of material, nonpublic information about the Company and not otherwise in a blackout period, and the person who entered into the 10b5-1 Trading Plan has acted in good faith with respect to the Trading Plan;
•Either (1) specifies the amounts, prices, and dates of all transactions under the 10b5-1 Trading Plan or (2) provides a written formula, algorithm, or computer program for determining the amount, price, and date of the transactions, and (3) prohibits the individual from exercising any subsequent influence over the transactions; and
•Complies with the other requirements of Rule 10b5-1.
The Compliance Officer may impose such other conditions on the implementation and operation of the 10b5-1 Trading Plan as the Compliance Officer deems necessary or advisable.
Any modification to a pre-approved 10b5-1 Trading Plan (including, without limitation, the amount, price or timing of a purchase or sale) may occur only during an open trading window and, in any event, when you do not possess material, nonpublic information. Modifications to and terminations of a 10b5-1 Trading Plan must be pre-approved by the Chief Legal Officer or Compliance Officer. Modifications of a 10b5-1 Trading Plan that change the amount, price or timing of the purchase or sale of the securities underlying a 10b5-1 Trading Plan Trading Plan will trigger a new Cooling Off Period.
A Covered Person may not have more than one 10b5-1 Trading Plan at any given time except under the limited circumstances permitted by Rule 10b5-1 (i.e., all transactions under the later adopted 10b5-1 Trading Plan may only begin after all transactions under the earlier adopted Trading Plan have been completed or expired and after the observance of the applicable cooling-off period) and subject to preapproval by the Compliance Officer.
The Company reserves the right to publicly disclose, announce, or respond to inquiries from the media regarding the adoption, modification, or termination of a 10b5-1 Trading Plan and non-Rule 10b5-1 trading arrangements, or the execution of transactions made under a 10b5-1 Trading Plan. The Company also reserves the right from time to time to suspend, discontinue, or otherwise prohibit transactions under a 10b5-1 Trading Plan if the Compliance Officer or the Board of Directors, in his, her or its discretion, determines that such suspension, discontinuation, or other prohibition is in the best interests of the Company.
Compliance of a 10b5-1 Trading Plan with the terms of Rule 10b5-1 and the execution of transactions pursuant to the 10b5-1 Trading Plan are the sole responsibility of the person initiating the 10b5-1 Trading Plan, and none of the Company, the Compliance Officer or the Company’s other employees assumes any liability for any delay in reviewing and/or refusing to approve a 10b5-1 Trading Plan submitted for approval, nor the legality or consequences relating to a person entering into, informing the Company of, or trading under, a 10b5-1 Trading Plan.
4.2 Certain transactions related to employee benefits
Exercise of share options
The trading prohibitions and restrictions set forth in this Policy do not apply to the exercise of an option to purchase securities of Penguin Solutions when payment of the exercise price is made in cash or by
net exercise (where Penguin Solutions accepted vested shares under the share option as payment for the exercise price).
However, the securities acquired upon the exercise of an option are subject to all of the requirements of this Policy. This Policy applies to the sale of Company securities to satisfy part or all of the exercise price of an option, any exercise of a share appreciation right, any sale of shares as part of a broker-assisted cashless exercise of an option, or any other market sale for the purpose of generating the cash needed to pay the exercise price of an option.
Vesting and tax withholding
The trading prohibitions and restrictions set forth in this Policy do not apply to the vesting of restricted shares or restricted share units or withholding by Penguin Solutions of shares upon vesting of restricted share units or settlement of restricted share units to satisfy applicable tax withholding requirements.
Employee share purchase plan transactions
The trading prohibitions and restrictions set forth in this Policy do not apply to purchases of Company shares in Penguin Solutions’ Employee Share Purchase Plan resulting from your periodic contribution of money to the plan pursuant to your payroll deduction. They do apply, however, to certain elections you make under the plan, including an election to increase or decrease the percentage of your periodic contributions to the plan after your enrollment in the Plan.
401(k) plan transactions
The trading prohibitions and restrictions set forth in this Policy do not apply to purchases of Company shares in the 401(k) plan resulting from your periodic contribution of money to the plan pursuant to your payroll deduction. They do apply, however, to certain elections you may make under the 401(k) plan, including any increase or decrease in the size of the contributions to the plan.
This Policy continues to apply to your transactions in Penguin Solutions shares or the stock of other public companies even after your employment or directorship with Penguin Solutions has terminated. If you are in possession of material, nonpublic information when your relationship with Penguin Solutions concludes, you may not transact in Penguin Solutions shares or the stock of such other company until the information has been publicly disseminated or is no longer material.
* * *
THESE ARE VERY SERIOUS MATTERS. INSIDER TRADING IS ILLEGAL AND CAN RESULT IN JAIL SENTENCES AS WELL AS CIVIL PENALTIES, INCLUDING TRIPLE DAMAGES. EMPLOYEES WHO VIOLATE THIS POLICY MAY BE SUBJECT TO DISCIPLINARY ACTION BY PENGUIN SOLUTIONS, INCLUDING DISMISSAL FOR CAUSE. IF YOU HAVE ANY QUESTION OR DOUBT ABOUT THE APPLICABILITY OR INTERPRETATION OF THIS POLICY OR THE PROPRIETY OF ANY DESIRED ACTION, PLEASE SEEK CLARIFICATION FROM OUR CHIEF LEGAL OFFICER. DO NOT TRY TO RESOLVE UNCERTAINTIES ON YOUR OWN.
EXHIBIT A
Date of pre-clearance form submission2: ________________, 20__
Date of transaction: ________________, 20__
Pursuant to the Penguin Solutions, Inc. (the “Company”) Insider Trading and Confidentiality Policy (the “Policy”), the undersigned hereby requests pre-clearance of the below described transaction as required by the Policy.
The undersigned intends to execute a transaction in Penguin Solutions’ securities on the date noted above, which is after the date of this Pre-Clearance Request Form submission noted above. The general nature of the transaction is as follows (insert description, including number of shares/other securities, broker, seller or buyer and other relevant information):
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
The undersigned is not in possession of material nonpublic information (as defined in the Policy) about Penguin Solutions and will not enter into the transaction if the undersigned comes into possession of material nonpublic information about Penguin Solutions between the date hereof and the proposed trade execution date.
The undersigned has read and understands the Policy and certifies that the above proposed transaction will not violate the Policy.
The undersigned agrees to advise Penguin Solutions promptly if, as a result of future developments, any of the foregoing information becomes inaccurate or incomplete in any respect. The undersigned
2 Pre-clearance request must be submitted prior to the transaction.
understands that Penguin Solutions may require additional information about the transaction, and agrees to provide such information upon request.
Very truly yours,
___________________________________
Name:____________________________
Title:______________________________
Approved:
____________________________________
Compliance Officer
Date of pre-clearance approval: ________________, 20__
Deadline for completing transaction3: ________________, 20__
3 If approved, the trade must be effected within five business days of receipt of approval unless a specific exception has been granted in writing by the Compliance Officer or their designee prior to expiration of the four business day period.