Form 4: Palladyne AI Corp. CEO Benjamin Wolff Acquires Additional Shares
SEC Form 4 Filing
Benjamin G. Wolff, President and CEO of Palladyne AI Corp., recently purchased 2,073 shares of common stock at an average price of $1.685 per share.
Summary
- On June 5, 2024, Benjamin G. Wolff, the President and CEO of Palladyne AI Corp., acquired 2,073 shares of common stock.
- The shares were purchased at a weighted-average price of $1.685, with individual transactions ranging from $1.60 to $1.69.
- Following this transaction, Wolff directly owns 1,301,120 shares of Palladyne AI Corp.
- Wolff also has indirect ownership of 383,119 shares through Mare's Leg Capital, LLC (MLC), an entity wholly owned by Wolff and his spouse.
- Additionally, Wolff has indirect ownership of 904 shares held by his spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports an insider stock purchase, which could be interpreted in various ways depending on the context and overall market conditions.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of the transaction where Benjamin G. Wolff acquired 2,073 shares of common stock. |
| 06/06/2024 | Date of the signature on the Form 4 filing. |
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