Form 4: Palladyne AI CTO Acquires 1,000 Shares Through Employee Stock Purchase Plan

Palladyne AI Corp.'s Chief Technology Officer, Denis Garagic, has acquired 1,000 shares of common stock through the company's Employee Stock Purchase Plan, increasing his direct beneficial ownership.

Summary

• Denis Garagic, Chief Technology Officer of Palladyne AI Corp. (PDYN), acquired 1,000 shares of the company's common stock.
• The transaction occurred on June 1, 2025, at a price of $5.032 per share.
• The acquisition was made pursuant to the Palladyne AI Corp. Employee Stock Purchase Plan (ESPP) for the purchase period of December 1, 2024, through June 1, 2025.
• The shares were purchased based on 85% of the closing price of the issuer's common stock on December 2, 2024.
• Following this transaction, Mr. Garagic directly beneficially owns 599,668 shares of Palladyne AI Corp. common stock.
• This transaction is exempt under Rule 16b-3(c).

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive, even through an ESPP, generally indicates a positive sentiment towards the company's prospects and aligns management's interests with shareholders. There are no negative implications from this filing.

Positives

• An insider, the Chief Technology Officer, is acquiring shares, which can be seen as a vote of confidence in the company's future.
• The acquisition was made through an Employee Stock Purchase Plan (ESPP), indicating employee participation and alignment of interests.
• The shares were purchased at a discounted price ($5.032), which is typical for ESPPs and beneficial for the employee.

Future Outlook

The document does not provide specific forward-looking statements or guidance beyond the details of the stock purchase plan.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends. It reflects an internal compensation and ownership event within Palladyne AI Corp.

Stakeholder Impact

• Shareholders: The acquisition by a CTO may be viewed positively as it aligns management's interests with shareholder value.
• Employees: The Employee Stock Purchase Plan (ESPP) provides an opportunity for employees, including executives, to acquire company stock at a discount, fostering employee ownership.

Key Dates

Keywords

Palladyne AI Corp, PDYN, Denis Garagic, Chief Technology Officer, CTO, Insider Trading, SEC Form 4, Employee Stock Purchase Plan, ESPP, Stock Acquisition, Beneficial Ownership