FINN BRIAN D 4
4 · Palladyne AI Corp. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Palladyne AI (PDYN) Director Brian Finn Receives RSU Award
What Happened
Brian D. Finn, a director of Palladyne AI Corp. (PDYN), was granted 15,083 restricted stock units (RSUs) on 2026-06-08. The RSUs were awarded at a $0 per-share price (total immediate value reported $0). Each RSU represents the right to one share of common stock upon vesting; shares will be issued only if and when the RSUs vest.
Key Details
- Transaction date: 2026-06-08; transaction type: Award/Grant (code A).
- Quantity and price: 15,083 RSUs granted at $0.00 per unit (no cash paid).
- Vesting: RSUs vest on the earlier of (i) the first anniversary of the grant or (ii) the day prior to the next annual meeting of stockholders, subject to continued service (see footnote F1).
- Holdings after transaction: the filing does not disclose the aggregate number of shares Mr. Finn beneficially owns after this grant.
- Related disclosures: Footnotes F2–F4 state Mr. Finn is administrator of Marstar Investments LLC, MI-MJ, and MI-CM LLC and has sole voting/dispositive power over shares those entities hold; he disclaims beneficial ownership except for any pecuniary interest.
- Filing timing: Form 4 was filed on 2026-06-08 (no late filing indicated).
Context
RSUs are a form of compensation that convert into actual shares only upon vesting and do not require immediate cash outlay; they are not an open-market purchase or sale. Grants to directors are common as part of compensation and do not by themselves indicate imminent buying or selling of the stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-08+15,083→ 74,079 total
- 467,760(indirect: By LLC)
Common Stock
[F2] - 85,858(indirect: By LLC)
Common Stock
[F3] - 261,091(indirect: By LLC)
Common Stock
[F4]
Footnotes (4)
- [F1]Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share of common stock of the Issuer. The RSUs will vest on the earlier of (i) the first anniversary of the date the award is granted or (ii) the day prior to the date of the next annual meeting of the Issuer's stockholders following the date the award was granted, in each case, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date.
- [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-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.
- [F4]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.