PDYN.NASDAQPalladyne Ai CORP

4/A: Palladyne AI Corp. Executive Benjamin Wolff Amends SEC Filing to Correct Transaction Code

Sentiment:

SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)

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Benjamin Wolff, President & CEO of Palladyne AI Corp., amended a previous SEC Form 4 filing to correct the transaction code for an acquisition of common stock and warrants.

Summary

  • Benjamin Wolff, the President and CEO of Palladyne AI Corp., filed an amendment to a previous Form 4 filing with the SEC.
  • The amendment corrects the transaction code for an acquisition of 107,526 shares of common stock and warrants, initially reported on November 4, 2024.
  • The correct transaction code is 'A', indicating an acquisition, under Rule 16b-3.
  • Wolff directly owns 1,306,203 shares of common stock.
  • Wolff indirectly owns 107,526 shares of common stock and 107,526 warrants through the MLC Solo 401k Trust.
  • Wolff indirectly owns 904 shares of common stock through his spouse.
  • Wolff indirectly owns 383,119 shares of common stock through Mare's Leg Capital, LLC.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider trading regulations and provides transparency into the holdings of company executives.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the holdings of company executives.

Key Dates

DateDescription
10/31/2024Date of the earliest transaction (acquisition of common stock and warrants).
11/04/2024Date of original Form 4 filing.
11/05/2024Date of the amended Form 4/A filing.
05/01/2025Warrants exercisable date.
05/01/2030Warrants expiration date.

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