THATCHER TREVOR 4
4 · Palladyne AI Corp. · Filed Apr 2, 2024
Insider Transaction Report
Form 4
THATCHER TREVOR
CHIEF FINANCIAL OFFICER
Transactions
- Award
Common Stock
2024-03-29+100,000→ 114,598 total - Tax Payment
Common Stock
2024-03-29$1.81/sh−1,112$2,013→ 113,486 total - Tax Payment
Common Stock
2024-04-01$1.97/sh−30$59→ 113,456 total
Footnotes (4)
- [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.