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

Director Dennis M. Weibling reports purchasing 23,976 shares of Palladyne AI Corp. common stock at an average price of $1.8361 on May 28, 2024.

Summary

• On May 28, 2024, Dennis M. Weibling, a director of Palladyne AI Corp., purchased 23,976 shares of common stock.
• The shares were bought at a weighted-average price of $1.8361, with individual prices ranging from $1.81 to $1.89.
• Following the transaction, Mr. Weibling directly owns 174,831 shares and indirectly owns 376,780 shares through the Weibling Living Trust and 150,000 shares through On Eagles Wings Investments, LLC.
• 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 single transaction and doesn't provide a comprehensive view of the company's overall health.

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 related to insider trading activity, which is common among publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

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

Key Dates