4//SEC Filing
THATCHER TREVOR 4
Accession 0001415889-24-011254
CIK 0001826681other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 6:11 PM ET
Size
17.7 KB
Accession
0001415889-24-011254
Insider Transaction Report
Form 4
THATCHER TREVOR
CHIEF FINANCIAL OFFICER
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2024-04-17−4,000→ 0 totalExercise: $49.32Exp: 2031-12-15→ Common Stock (4,000 underlying) - Award
Stock Option (right to buy)
2024-04-17+4,000→ 4,000 totalExercise: $1.59Exp: 2031-12-15→ Common Stock (4,000 underlying) - Award
Stock Option (right to buy)
2024-04-17+19,724→ 19,724 totalExercise: $1.59Exp: 2033-03-29→ Common Stock (19,724 underlying) - Disposition to Issuer
Stock Option (right to buy)
2024-04-17−967→ 0 totalExercise: $24.54Exp: 2032-05-20→ Common Stock (967 underlying) - Award
Stock Option (right to buy)
2024-04-17+967→ 967 totalExercise: $1.59Exp: 2032-05-20→ Common Stock (967 underlying) - Disposition to Issuer
Stock Option (right to buy)
2024-04-17−19,724→ 0 totalExercise: $2.82Exp: 2033-03-29→ Common Stock (19,724 underlying)
Footnotes (5)
- [F1]25% of the shares subject to the option vested on December 13, 2022, and thereafter 1/12 of the shares subject to the option vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
- [F2]Outstanding options were amended to reduce the exercise price and revise the vesting terms. This amendment was approved by the compensation committee of the Issuer's board of directors and is intended to be exempt pursuant to Rule 16b-3 of the Exchange Act.
- [F3]25% of the shares subject to the option vested on May 20, 2023, and thereafter 1/12 of the shares subject to the option vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
- [F4]25% of the shares subject to the option vested on March 29, 2024, and thereafter 1/12 of the shares subject to the option vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
- [F5]The option is fully unvested as of the amendment. 25% of the shares subject to the option will vest on March 29, 2025, and then 1/12 of the shares subject to the option vest on each quarterly vesting date thereafter, subject to the Reporting Person's continued service to the Issuer through such date.
Documents
Issuer
Palladyne AI Corp.
CIK 0001826681
Entity typeother
Related Parties
1- filerCIK 0002014215
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 6:11 PM ET
- Size
- 17.7 KB