PENG · Insider cluster: $377M sell

Three insiders sold shares in the past week, including a massive $377M open-market sale by 10% owner SK Telecom Co Ltd, which alone represents ~13% of PENG's market cap. Two SVP-level officers also sold smaller amounts under 10b5-1 plans. The dominant insider sale is highly material in size and lacks a pre-arranged plan, signaling a significant reduction in the largest shareholder's stake.

• SK Telecom Co Ltd sold 200,000 shares at ~$1,885.81/share for $377.16M on 2026-10-29, no 10b5-1 plan
• Clark Joseph Gates (SVP) sold 1,573 shares at $47.80 for $75K on 2026-11-02 under a 10b5-1 plan
• Frey Anthony George (SVP/CRO) sold 3,131 shares at $58.64 for $184K on 2026-10-29 under a 10b5-1 plan
• Total cluster value $377.42M, approximately 13% of PENG's $2.9B market cap