Brian D. Finn - 31 Oct 2024 Form 4 Insider Report for Palladyne AI Corp. (PDYN)

Role
Director
Signature
/s/ Stephen Sonne, attorney in fact on behalf of Brian D. Finn
Issuer symbol
PDYN
Transactions as of
31 Oct 2024
Net transactions value
+$249,998
Form type
4
Filing time
05 Nov 2024, 17:20:54 UTC
Previous filing
13 Jun 2024
Next filing
01 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDYN Common Stock Award $236,557 +107,526 +30% $2.20 467,760 31 Oct 2024 By Marstar Investments LLC F1, F2
holding PDYN Common Stock 62,142 31 Oct 2024 Direct
holding PDYN Common Stock 243,125 31 Oct 2024 By MI-CM LLC F3
holding PDYN Common Stock 85,858 31 Oct 2024 By MI-MJ LLC F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PDYN Warrants (right to buy) Award $13,441 +107,526 $0.1250 107,526 31 Oct 2024 Common Stock 107,526 $2.30 By Marstar Investments LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported acquisition is an exempt transaction under Rule 16b-3.
F2 Securities are held by Marstar Investments LLC ("Marstar"). Mr. Finn is the administrator of Marstar and has sole voting and dispositive power over the shares of Issuer common stock held by Marstar. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
F3 Securities are held by MI-CM LLC ("MI-CM"). Mr. Finn is the administrator of MI-CM. As administrator, Mr. Finn has sole voting and dispositive power over the shares of Issuer common stock held by MI-CM. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
F4 Securities are held by MI-MJ LLC ("MI-MJ"). Mr. Finn is the administrator of MI-MJ. As administrator, Mr. Finn has sole voting and dispositive power over the shares of Issuer common stock held by MI-MJ. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.