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

Director Dennis M. Weibling of Palladyne AI Corp. reports the acquisition of 12,852 shares of common stock at an average price of $1.6322 on June 4, 2024.

Summary

• On June 4, 2024, Dennis M. Weibling, a director of Palladyne AI Corp., purchased 12,852 shares of common stock.
• The shares were acquired at a weighted-average price of $1.6322, with individual prices ranging from $1.54 to $1.70.
• Following the transaction, Mr. Weibling directly owns 174,831 shares and indirectly owns 162,852 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 and his spouse are sole beneficiaries, and Mr. Weibling's children.

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 for corporate insiders who trade in their company's stock. It provides transparency to the market regarding the trading activities of individuals with access to non-public information.

Stakeholder Impact

• The stock purchase by a director could have a slightly positive impact on shareholder sentiment.

Key Dates