Form 4: Palladyne AI Corp. CEO Benjamin Wolff Increases Stake in Company

Benjamin Wolff, President & CEO of Palladyne AI Corp., recently purchased additional shares of the company's common stock, increasing his direct and indirect holdings.

Summary

• On May 16, 2024, Benjamin G. Wolff, the President & CEO and a director of Palladyne AI Corp., purchased 14,328 shares of common stock at a weighted-average price of $1.4667 per share.
• The prices for these shares ranged from $1.39 to $1.48.
• On May 17, 2024, Wolff purchased an additional 1,000 shares at $1.43 per share.
• Following these transactions, Wolff directly owns 1,274,946 shares of Palladyne AI Corp.
• Wolff also indirectly owns 383,119 shares through Mare's Leg Capital, LLC (MLC), an entity wholly owned by Wolff and his spouse, Julie Wolff.
• Additionally, Wolff indirectly owns 904 shares through his spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed favorably, but the document itself is simply a report of the transaction.

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.

Stakeholder Impact

• Shareholders may view the CEO's stock purchase as a positive signal.

Key Dates