Palladyne AI (PDYN) CTO Denis Garagic Buys 1,000 Shares via ESPP

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.