Benjamin G. Wolff - 11 Jun 2024 Form 4 Insider Report for Palladyne AI Corp. (PDYN)

Signature
/s/ Stephen Sonne, attorney-in-fact on behalf of Benjamin G. Wolff
Issuer symbol
PDYN
Transactions as of
11 Jun 2024
Transactions value $
-$15,280
Form type
4
Filing time
13 Jun 2024, 18:28:30 UTC
Previous filing
06 Jun 2024
Next filing
18 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDYN Common Stock Tax liability -$15.3K -7.92K -0.61% $1.93 1.29M 11 Jun 2024 Direct F1, F2
holding PDYN Common Stock 383K 11 Jun 2024 See footnote F3
holding PDYN Common Stock 904 11 Jun 2024 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of restricted stock units, or RSUs.
F2 Includes shares represented by RSUs, of which 32,510 settled on June 11, 2024 and were then reduced by the 7,917 shares withheld for taxes as reported on this Form 4.
F3 Represents shares held by Mare's Leg Capital, LLC ("MLC"). MLC is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.