Form 4: Palladyne AI Director Gifts Common Stock

Palladyne AI Corp. Director Dennis M. Weibling reported gifting 25,000 shares of common stock, maintaining significant direct and indirect beneficial ownership.

Summary

• Dennis M. Weibling, a Director of Palladyne AI Corp. (PDYN), reported a gift of common stock.
• On September 19, 2025, Mr. Weibling disposed of 25,000 shares of Common Stock via a gift (Transaction Code G) at a price of $0.
• Following this transaction, Mr. Weibling directly beneficially owns 329,703 shares of Common Stock.
• He also indirectly beneficially owns 200,000 shares through On Eagles Wings Investments, LLC and 376,780 shares through Weibling Living Trust.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing reports a personal gift of shares by a director, which is a neutral event for company operations or financial performance.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction (a gift of shares) and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Dennis M. Weibling indirectly beneficially owns 200,000 shares through On Eagles Wings Investments, LLC, an entity wholly-owned by Weibling Living Trust Revocable Trust.
• Mr. Weibling and his spouse are sole beneficiaries of the Weibling Living Trust, which also includes Mr. Weibling's children.

Key Dates

Keywords

Palladyne AI Corp, PDYN, Dennis M. Weibling, Form 4, insider transaction, common stock, director, beneficial ownership, gift