Form 4: Palladyne AI Director Brian Finn Reports Acquisition of Restricted Stock Units

Palladyne AI Corp. Director Brian D. Finn reported the acquisition of 14,819 restricted stock units, increasing his direct beneficial ownership in the company.

Summary

• Brian D. Finn, a Director of Palladyne AI Corp. (PDYN), acquired 14,819 shares of common stock on June 11, 2025.
• The acquisition was in the form of restricted stock units (RSUs), granted at a price of $0.
• Following this transaction, Mr. Finn's direct beneficial ownership in Palladyne AI Corp. increased to 58,996 shares.
• He also maintains indirect beneficial ownership of 467,760 shares through Marstar Investments LLC, 85,858 shares through MI-MJ LLC, and 261,091 shares through MI-CM LLC.
• The acquired RSUs are set to vest on the earlier of the first anniversary of the grant date or the day prior to the next annual meeting of the Issuer's stockholders, contingent on Mr. Finn's continued service as a Service Provider.

Sentiment

Score: 7

Explanation: The acquisition of restricted stock units by a director is generally viewed positively as it aligns management's interests with long-term shareholder value, although it is a compensation grant rather than an open market purchase.

Positives

• Director Brian D. Finn increased his direct beneficial ownership in Palladyne AI Corp. by acquiring 14,819 restricted stock units, which can signal confidence in the company's future.
• The grant of restricted stock units aligns the director's interests with long-term shareholder value, as vesting is tied to continued service to the company.

Risks

• The vesting of the 14,819 restricted stock units is subject to Brian D. Finn continuing to be a Service Provider through the applicable vesting date, meaning the shares are not immediately and unconditionally owned.

Future Outlook

The 14,819 restricted stock units granted to Director Brian D. Finn are scheduled to vest on the earlier of the first anniversary of the grant date or the day prior to the next annual meeting of the Issuer's stockholders, provided he continues as a Service Provider.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Brian D. Finn holds indirect beneficial ownership of 467,760 shares through Marstar Investments LLC, 85,858 shares through MI-MJ LLC, and 261,091 shares through MI-CM LLC. Mr. Finn is the administrator of these entities and has sole voting and dispositive power over the shares, though he disclaims beneficial ownership except to the extent of any pecuniary interest therein.

Stakeholder Impact

• Shareholders: The acquisition of restricted stock units by a director can be interpreted as a positive signal of management's commitment and alignment with shareholder interests, potentially boosting investor confidence.

Next Steps

• Vesting of 14,819 restricted stock units on the earlier of the first anniversary of the grant date or the day prior to the next annual meeting of stockholders, subject to continued service.

Key Dates

Keywords

Palladyne AI Corp, PDYN, Brian D. Finn, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Beneficial Ownership, Director Compensation, Equity Award