Kristi Martindale - 24 Feb 2025 Form 3 Insider Report for Palladyne AI Corp. (PDYN)

Role: Chief Commercial Officer
Signature: /s/ Stephen Sonne, attorney-in-fact on behalf of Kristi Martindale
Issuer symbol: PDYN
Transactions as of: 24 Feb 2025
Net transactions value: $0
Form type: 3
Filing time: 26 Feb 2025, 19:36:29 UTC
Previous filing: 05 Jul 2023
Next filing: 11 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PDYN	Common Stock						296,220	24 Feb 2025	Direct	F1, F2

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
holding	PDYN	Stock Option (right to buy)							24 Feb 2025	Common Stock	25,646	$2.52	Direct	F3
holding	PDYN	Stock Option (right to buy)							24 Feb 2025	Common Stock	12,823	$1.59	Direct	F4
holding	PDYN	Stock Option (right to buy)							24 Feb 2025	Common Stock	8,549	$1.59	Direct	F4
holding	PDYN	Stock Option (right to buy)							24 Feb 2025	Common Stock	14,204	$1.59	Direct	F4
holding	PDYN	Stock Option (right to buy)							24 Feb 2025	Common Stock	47,392	$2.82	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (1) 25,483 shares of common stock of the Issuer; (2) 3,367 restricted stock units ("RSUs") outstanding of the 8,986 RSUs granted pursuant to the 2021 Equity Incentive Plan (the "Plan") which can only be settled with shares of common stock, and 25% of the initial award vested on May 20, 2023, and thereafter 1/12 of the remaining portion of the award vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date; (3) 17,370 RSUs outstanding of the 30,884 RSUs granted pursuant to the Plan which can only be settled with shares of common stock, and 25% of the initial award vested on March 29, 2024, and thereafter 1/12 of the remaining portion of the award vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date; and
F2	Footnote 1 continued: (4) 250,000 RSUs granted pursuant to the Plan which can only be settled with shares of common stock, 100,000 shares of which will vest on March 29, 2025, and thereafter 1/12 of the remaining portion of the award will vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
F3	The shares subject to the option fully vested on November 14, 2020.
F4	25% of the shares subject to the option vest on March 29, 2025, and thereafter 1/12 of the shares subject to the option shall vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
F5	25% of the shares subject to the option vest on March 29, 2024, and thereafter 1/12 of the shares subject to the option shall vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.