Kristi Martindale - Feb 24, 2025 Form 3 Insider Report for Palladyne AI Corp. (PDYN)

Role
Chief Commercial Officer
Signature
/s/ Stephen Sonne, attorney-in-fact on behalf of Kristi Martindale
Stock symbol
PDYN
Transactions as of
Feb 24, 2025
Transactions value $
$0
Form type
3
Date filed
2/26/2025, 07:36 PM
Previous filing
Jul 5, 2023
Next filing
Mar 11, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PDYN Common Stock 296K Feb 24, 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PDYN Stock Option (right to buy) Feb 24, 2025 Common Stock 25.6K $2.52 Direct F3
holding PDYN Stock Option (right to buy) Feb 24, 2025 Common Stock 12.8K $1.59 Direct F4
holding PDYN Stock Option (right to buy) Feb 24, 2025 Common Stock 8.55K $1.59 Direct F4
holding PDYN Stock Option (right to buy) Feb 24, 2025 Common Stock 14.2K $1.59 Direct F4
holding PDYN Stock Option (right to buy) Feb 24, 2025 Common Stock 47.4K $2.82 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (1) 25,483 shares of common stock of the Issuer; (2) 3,367 restricted stock units ("RSUs") outstanding of the 8,986 RSUs granted pursuant to the 2021 Equity Incentive Plan (the "Plan") which can only be settled with shares of common stock, and 25% of the initial award vested on May 20, 2023, and thereafter 1/12 of the remaining portion of the award vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date; (3) 17,370 RSUs outstanding of the 30,884 RSUs granted pursuant to the Plan which can only be settled with shares of common stock, and 25% of the initial award vested on March 29, 2024, and thereafter 1/12 of the remaining portion of the award vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date; and
F2 Footnote 1 continued: (4) 250,000 RSUs granted pursuant to the Plan which can only be settled with shares of common stock, 100,000 shares of which will vest on March 29, 2025, and thereafter 1/12 of the remaining portion of the award will vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
F3 The shares subject to the option fully vested on November 14, 2020.
F4 25% of the shares subject to the option vest on March 29, 2025, and thereafter 1/12 of the shares subject to the option shall vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
F5 25% of the shares subject to the option vest on March 29, 2024, and thereafter 1/12 of the shares subject to the option shall vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.