[Form 4] Palladyne AI Corp. Insider Trading Activity

Rhea-AI Filing Summary

Dennis M. Weibling, a director of Palladyne AI Corp., reported transactions dated 09/19/2025 on Form 4. The filing shows a non-derivative disposal of 25,000 shares of Common Stock with a reported price of $0. After the reported transaction, Mr. Weibling is shown as beneficially owning 329,703 shares directly and indirectly holds 200,000 shares through On Eagles Wings Investments, LLC and 376,780 shares through the Weibling Living Trust (both listed as indirect ownership). The form is signed by an attorney-in-fact on behalf of Mr. Weibling.

Positive

• Timely disclosure of insider transaction filed on Form 4
• Detailed ownership breakdown showing direct and indirect holdings
• Explanation provided that On Eagles Wings Investments, LLC is owned by the Weibling Living Trust

Negative

• Reported disposal of 25,000 common shares on 09/19/2025
• Price field shows $0 for the disposed shares, which the filing does not explain

Insights

Financial Analyst

TL;DR: Routine insider disclosure showing a small reported disposal and substantial remaining indirect holdings.

The Form 4 documents a single non-derivative disposition of 25,000 common shares on 09/19/2025 with a reported price of $0. The filing provides specific beneficial ownership counts: 329,703 shares direct, plus 200,000 and 376,780 shares held indirectly via two entities, indicating continued concentrated insider ownership. From an investor-impact lens, the filing is a compliance disclosure and, by itself, does not provide transaction economics beyond the $0 price field or signal a clear change to control.

Corporate Governance Expert

TL;DR: Disclosure is timely and detailed, showing director ownership structure but offering limited context on the $0 disposal.

The report identifies Mr. Weibling as a director and reports ownership both directly and indirectly, including an explanation that On Eagles Wings Investments, LLC is wholly owned by the Weibling Living Trust. The use of an attorney-in-fact signature is noted. The filing meets Section 16 reporting mechanics; however, the $0 reported price for the disposed shares lacks explanatory detail within this filing, so no governance inference beyond documented ownership can be drawn from the form alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WEIBLING DENNIS M

(Last) (First) (Middle)

C/O PALLADYNE AI CORP.

650 SOUTH 500 WEST, SUITE 150

(Street)

SALT LAKE CITY UT 84101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Palladyne AI Corp. [ PDYN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/19/2025		G		25,000	D	$0	329,703	D
Common Stock								200,000	I	By On Eagles Wings Investments, LLC(1)
Common Stock								376,780	I	By Weibling Living Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On Eagles Wings Investments, LLC is an entity wholly-owned by Weibling Living Trust - Revocable Trust, for which Mr. Weibling and his spouse are sole beneficiaries, and Mr. Weibling's children.

	/s/ Stephen Sonne, attorney-in-fact on behalf of Dennis M. Weibling	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Palladyne AI (PDYNW) director Dennis Weibling report on Form 4?

The Form 4 reports a non-derivative disposition of 25,000 common shares dated 09/19/2025 and shows his beneficial ownership counts following the transaction.

How many shares does Dennis Weibling beneficially own after the reported transaction?

The filing shows 329,703 shares directly and indirect holdings of 200,000 (On Eagles Wings Investments, LLC) and 376,780 (Weibling Living Trust).

What does the $0 price reported on the Form 4 mean for the PDYNW transaction?

The Form 4 lists a reported price of $0 for the disposed shares; the filing contains no further explanation for that price.

Who signed the Form 4 for Dennis Weibling?

The Form 4 is signed by /s/ Stephen Sonne, attorney-in-fact on behalf of Dennis M. Weibling dated 09/19/2025.

What is the relationship between On Eagles Wings Investments, LLC and the Weibling Living Trust?

The filing explains that On Eagles Wings Investments, LLC is wholly-owned by the Weibling Living Trust, for which Mr. Weibling and his spouse are sole beneficiaries, along with Mr. Weibling's children.