Form 4: Palladyne AI Corp. Director Dennis M. Weibling Reports Stock Purchase

Director Dennis M. Weibling reports purchasing 12,919 shares of Palladyne AI Corp. common stock at an average price of $1.671 on June 5, 2024.

Summary

• On June 5, 2024, Dennis M. Weibling, a director of Palladyne AI Corp., purchased 12,919 shares of common stock.
• The shares were bought at a weighted-average price of $1.671, with individual transactions ranging from $1.62 to $1.71.
• Following the transaction, Mr. Weibling directly owns 174,831 shares and indirectly owns 175,771 shares through On Eagles Wings Investments, LLC, and 376,780 shares through Weibling Living Trust.
• On Eagles Wings Investments, LLC is wholly-owned by Weibling Living Trust Revocable Trust, for which Mr. Weibling, his spouse, and his children are sole beneficiaries.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure required by the SEC when a company insider, such as a director, buys or sells shares of their company's stock. It provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates