GARAGIC DENIS 4

What Happened
Denis Garagic, Chief Technology Officer of Palladyne AI Corp. (PDYN), acquired 1,000 shares of the company's common stock on June 1, 2026. The reported price was $4.55 per share for a total purchase value of $4,548. This was an acquisition (reported as transaction code "A") through the company’s Employee Stock Purchase Plan (ESPP).

Key Details

• Transaction date: 2026-06-01 (filing date: 2026-06-01).
• Price: $4.55 per share; total cost $4,548.
• Transaction type: ESPP purchase (exempt under Rule 16b-3(c)).
• Purchase period: December 1, 2025 through June 1, 2026 (shares purchased at 85% of the closing price on Dec 1, 2025, per the ESPP).
• Shares owned after the transaction: not stated in the provided filing.
• No indication in the provided data that the Form 4 was filed late.

Context
This was an employee-plan purchase rather than an open-market buy or an option exercise. ESPP purchases are routine compensation-related acquisitions made at a discount (here, 85% of a reference closing price) and are generally treated differently under reporting/exemption rules than opportunistic open-market purchases.