4/A: Palladyne AI Corp. Director Dennis M. Weibling Amends Form 4 Filing to Correct Transaction Code

Director Dennis M. Weibling amends his previous Form 4 filing to correct the transaction code for an acquisition of common stock and warrants of Palladyne AI Corp.

Summary

• Dennis M. Weibling, a director of Palladyne AI Corp., filed an amendment to his original Form 4 on November 5, 2024, to correct the transaction code for an acquisition of securities.
• The amendment pertains to a transaction that occurred on October 31, 2024, where Weibling acquired 215,053 shares of common stock at $2.20 per share and 215,053 warrants with an exercise price of $2.30.
• The original filing incorrectly identified the transaction code, which has now been corrected to 'A' indicating an acquisition.
• Following the reported transactions, Weibling directly owns 389,884 shares of common stock.
• He also indirectly owns 200,000 shares through On Eagles Wings Investments, LLC and 376,780 shares through Weibling Living Trust.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing (Form 4/A) indicating insider transactions. The sentiment is neutral as it simply reports facts about stock and warrant acquisitions. The correction of the transaction code suggests attention to detail and compliance.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.

Key Dates