WEIBLING DENNIS M 4

What Happened

• Dennis M. Weibling, a director of Palladyne AI Corp. (PDYN), was granted 15,083 restricted stock units (RSUs) on 2026-06-08. The grant is recorded at $0.00 per share (no cash was paid at grant). These RSUs represent the right to receive one share each upon vesting.

Key Details

• Transaction date: 2026-06-08; Transaction type: Award/Grant (code A).
• Amount: 15,083 RSUs; reported acquisition price: $0.00 (no cash exchanged).
• Shares owned after transaction: Not specified in the provided filing.
• Vesting terms (footnote): RSUs vest on the earlier of (i) the first anniversary of the grant or (ii) the day before the next annual stockholders’ meeting, provided the reporting person remains a service provider through the vesting date.
• Ownership/beneficiary note (footnote): On Eagles Wings Investments, LLC is wholly owned by the Weibling Living Trust (revocable), for which Mr. Weibling and his spouse are sole beneficiaries, along with Mr. Weibling’s children.
• Filing timeliness: The Form 4 was filed on 2026-06-08 for the 2026-06-08 transaction; no late filing is indicated in the provided data.

Context

• RSUs are awards that convert to shares only upon vesting; this grant does not represent an immediate market purchase or sale, nor an immediate change in outstanding tradable shares.
• Director RSU grants are a common form of compensation and do not, by themselves, indicate a buying or selling signal.