Form 4: Palladyne AI Corp. Executive Matthew Vogt Reports Share Transaction

Chief Revenue Officer Matthew Vogt reports disposition of shares to cover tax obligations related to vesting of restricted stock units.

Summary

• Matthew Vogt, Chief Revenue Officer of Palladyne AI Corp., filed a Form 4 on August 21, 2024, reporting a transaction that occurred on August 20, 2024.
• The transaction involved the disposition of 324 shares of common stock at a price of $1.53 per share.
• These shares were remitted to the issuer, Palladyne AI Corp., to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs).
• Following the transaction, Vogt beneficially owns 112,185 shares, which includes shares represented by RSUs.

Sentiment

Score: 5

Explanation: The document reflects a neutral event (tax obligation fulfillment) with no inherent positive or negative implications for the company's overall prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations on vested equity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.

Key Dates