Form 4: Palladyne AI Corp. CFO Trevor Thatcher Reports Share Disposition for Tax Obligations
SEC Form 4 Filing
Trevor Thatcher, CFO of Palladyne AI Corp., reports the disposition of 251 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 20, 2024, Trevor Thatcher, the CFO of Palladyne AI Corp., disposed of 251 shares of common stock.
- The disposition was an exempt transaction to the issuer to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs).
- The price per share for the disposition was $1.53.
- Following the transaction, Thatcher beneficially owns 112,896 shares, including shares represented by RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of the transaction (disposition of shares) |
| 08/20/2024 | 929 RSUs settled |
| 08/21/2024 | Date of signature on the Form 4 |
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