Form 4: Palladyne AI Director Gifts 50,000 Shares in Charitable Contribution

Dennis M. Weibling, a Director and 10% Owner of Palladyne AI Corp., reported the disposition of 50,000 shares of common stock as a charitable contribution.

Summary

• Dennis M. Weibling, a Director and 10% Owner of Palladyne AI Corp. (PDYN), filed a Form 4 with the SEC reporting a change in beneficial ownership.
• On June 26, 2025, Mr. Weibling disposed of 50,000 shares of Palladyne AI Corp. Common Stock.
• The transaction was categorized as a gift (Transaction Code 'G') with a reported price of $0 per share, indicating a charitable contribution to a donor advised fund.
• Following this transaction, Mr. Weibling directly beneficially owns 354,703 shares of Common Stock.
• Additionally, Mr. Weibling indirectly beneficially owns 200,000 shares through On Eagles Wings Investments, LLC, and 376,780 shares through Weibling Living Trust.

Sentiment

Score: 5

Explanation: The transaction is a charitable contribution, which is a personal financial decision by the insider and generally has a neutral impact on the company's operational performance or market perception. It does not indicate a lack of confidence in the company's future.

Negatives

• The direct beneficial ownership of Common Stock by Director Dennis M. Weibling decreased by 50,000 shares as a result of the disposition.

Future Outlook

This Form 4 filing reports a past insider transaction and does not contain any forward-looking statements, guidance, or projections regarding the company's future financial performance or strategic outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends, competitive dynamics, or the company's position within its sector.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in direct insider ownership. As a gift, it is unlikely to be interpreted as a negative signal regarding the company's prospects.
• Employees, Customers, Suppliers, Creditors: This insider transaction has no direct or material impact on these stakeholder groups.

Key Dates

Keywords

Palladyne AI Corp, PDYN, Dennis M. Weibling, Form 4, Insider Transaction, Share Disposition, Charitable Contribution, Director, Beneficial Ownership