Form 4: Palladyne AI Corp. CEO Benjamin Wolff Acquires Additional Shares
SEC Form 4 Filing
Palladyne AI Corp.'s CEO, Benjamin G. Wolff, recently purchased 2,000 shares of common stock at $1.50 per share.
Summary
- Benjamin G. Wolff, the President and CEO of Palladyne AI Corp., acquired 2,000 shares of common stock on June 21, 2024, at a price of $1.50 per share.
- Following this transaction, Mr. Wolff directly owns 1,306,203 shares of Palladyne AI Corp.
- Mr. Wolff also indirectly owns 383,119 shares through Mare's Leg Capital, LLC (MLC), an entity wholly owned by Mr. Wolff and his spouse, Julie Wolff.
- Additionally, 904 shares are indirectly owned by his spouse.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares is generally a good sign, but the impact is limited without more context.
Positives
- The CEO's purchase of additional shares may signal confidence in the company's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued. However, it's important to consider the overall context of the company's performance and industry trends.
Stakeholder Impact
- The CEO's stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of the transaction where Benjamin G. Wolff acquired 2,000 shares of common stock. |
| 06/24/2024 | Date of signature for the Form 4 filing. |
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