Trevor Thatcher - Mar 29, 2024 Form 4 Insider Report for Palladyne AI Corp. (STRC)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Stephen Sonne, attorney-in-fact on behalf of Trevor Thatcher
Stock symbol
STRC
Transactions as of
Mar 29, 2024
Transactions value $
-$2,072
Form type
4
Date filed
4/2/2024, 05:33 PM
Previous filing
Mar 13, 2024
Next filing
Apr 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRC Common Stock Award $0 +100K +685.03% $0.00 115K Mar 29, 2024 Direct F1
transaction STRC Common Stock Tax liability -$2.01K -1.11K -0.97% $1.81 113K Mar 29, 2024 Direct F2, F3
transaction STRC Common Stock Tax liability -$59 -30 -0.03% $1.97 113K Apr 1, 2024 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted pursuant to the 2021 Equity Incentive Plan, which can only be settled with shares of common stock. 25% of the award vests on March 29, 2025, and 1/12 of the award vests on each quarterly vesting date thereafter, subject to continued service through the applicable vesting date.
F2 In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs.
F3 Includes shares represented by RSUs, of which 3,240 settled on March 29, 2024 and were then reduced by the 1,112 shares withheld for taxes as reported on this Form 4.
F4 Includes shares represented by RSUs, of which 100 settled on April 1, 2024 and were then reduced by the 30 shares withheld for taxes as reported on this Form 4.