Denis Garagic - Feb 24, 2025 Form 4 Insider Report for Palladyne AI Corp. (PDYN)

Signature
/s/ Stephen Sonne, attorney-in-fact on behalf of Denis Garagic
Stock symbol
PDYN
Transactions as of
Feb 24, 2025
Transactions value $
-$392,441
Form type
4
Date filed
2/26/2025, 07:35 PM
Previous filing
Nov 22, 2024
Next filing
Mar 11, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDYN Common Stock Sale -$392K -55.8K -10.12% $7.03 496K Feb 24, 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock sold to cover income tax liabilities in connection with the vesting of restricted stock unit awards pursuant to sell-to-cover arrangements implemented by the Issuer, which the Reporting Person may elect to pay in cash, and does not represent discretionary transactions by the Reporting Person.
F2 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $6.43 to $7.36, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F3 Includes shares represented by RSUs, of which 125,000 settled on February 23, 2025 and were then reduced by the 55,827 shares sold for taxes as reported on this Form 4.