THATCHER TREVOR 4

What Happened
Trevor Thatcher, Chief Financial Officer of Palladyne AI Corp. (PDYN), acquired 1,000 shares of the company's common stock on June 1, 2026. The shares were purchased under the company's Employee Stock Purchase Plan (ESPP) at an effective price of $4.55 per share, for a total cost of approximately $4,548. This is a purchase (an acquisition), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction date: June 1, 2026. Transaction type: Acquisition (ESPP purchase), coded "A" on the Form 4.
• Price and value: 1,000 shares at $4.55 per share; total ≈ $4,548.
• Shares owned after transaction: Not specified in the information provided on this filing.
• Footnotes:
  • The purchase was made under the Palladyne AI Employee Stock Purchase Plan for the purchase period Dec 1, 2025 – Jun 1, 2026 (F1, F2).
  • The shares were bought based on 85% of the issuer's closing price on Dec 1, 2025 (F3).
  • The transaction is reported as exempt under Rule 16b-3(c) (F1).
• Filing timeliness: Form 4 is dated and filed on June 1, 2026 (no indication in the filing that it was late).

Context
This was an ESPP purchase: employees typically accumulate payroll contributions over the offering period and buy stock at a discounted price (here, 85% of a reference closing price). Such purchases reflect routine participation in employee benefit plans; while they can be interpreted as a modest positive signal (insider buying), they do not necessarily indicate a change in the insider's broader trading strategy.