Palladyne AI Corp. (PDYN) CEO adds 1,000 shares in open-market buy

Rhea-AI Filing Summary

Palladyne AI Corp. President and CEO Benjamin G. Wolff purchased 1,000 shares of common stock in an open-market transaction at $5.85 per share on March 27, 2026. After this trade, he directly holds 2,837,401 common shares.

In addition to his direct stake, Wolff has indirect ownership interests. These include 107,526 shares held by the MLC Solo 401k Trust for which he and his spouse serve as co-trustees and he is the sole beneficiary, 383,119 shares held by Mare's Leg Capital, LLC, an entity wholly owned by Wolff and his spouse, and 904 shares held by his spouse.

Insider Trade Summary

Net Buyer: 1,000 shares ($5,850)

Net Buy 4 txns

Insider Wolff Benjamin G

Role PRESIDENT & CEO

Bought 1,000 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,000	$5.85	$6K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,837,401 shares (Direct); Common Stock — 107,526 shares (Indirect, See footnote)

Footnotes (1)

1. Represents shares held by MLC Solo 401k Trust FOB Benjamin Wolff ("401k Trust"). Mr. Wolff and his spouse Julie Wolff are the trustees of the 401k Trust and share voting and dispositive power over equity held by the trust. Mr. Wolff is the sole beneficiary of the 401k Trust. Represents shares held by Mare's Leg Capital, LLC ("MLC"). MLC is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.

Key Figures

Open-market purchase: 1,000 shares Purchase price: $5.85 per share Direct holdings after transaction: 2,837,401 shares +4 more

7 metrics

Open-market purchase 1,000 shares Common Stock bought on March 27, 2026

Purchase price $5.85 per share Price for 1,000 common shares bought

Direct holdings after transaction 2,837,401 shares Common Stock directly owned by CEO after trade

401k Trust holdings 107,526 shares Held by MLC Solo 401k Trust for Benjamin Wolff

LLC indirect holdings 383,119 shares Held by Mare's Leg Capital, LLC

Spouse holdings 904 shares Indirect ownership via spouse

Net share change 1,000 shares Net buy from reported transactions

Key Terms

open-market purchase, indirect ownership, Solo 401k Trust, voting and dispositive power, +1 more

5 terms

open-market purchase financial

"purchased 1,000 shares of common stock in an open-market transaction at"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

"In addition to his direct stake, Wolff has indirect ownership interests."

Solo 401k Trust financial

"held by MLC Solo 401k Trust for which he and his spouse serve as co-trustees"

voting and dispositive power financial

"trustees of the 401k Trust and share voting and dispositive power over equity"

wholly owned financial

"Mare's Leg Capital, LLC, an entity wholly owned by Wolff and his spouse"

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wolff Benjamin G

(Last) (First) (Middle)

C/O PALLADYNE AI CORP.

650 SOUTH 500 WEST, SUITE 150

(Street)

SALT LAKE CITY UTAH 84101

(City) (State) (Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)		Other (specify below)
	PRESIDENT & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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

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

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

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	03/27/2026		P		1,000	A	$5.85	2,837,401	D
Common Stock								107,526	I	See footnote(1)
Common Stock								904	I	By Spouse
Common Stock								383,119	I	See footnote(2)

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. Represents shares held by MLC Solo 401k Trust FOB Benjamin Wolff ("401k Trust"). Mr. Wolff and his spouse Julie Wolff are the trustees of the 401k Trust and share voting and dispositive power over equity held by the trust. Mr. Wolff is the sole beneficiary of the 401k Trust.

2. Represents shares held by Mare's Leg Capital, LLC ("MLC"). MLC is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.

	/s/ Stephen Sonne, attorney-in-fact on behalf of Benjamin G. Wolff	03/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Palladyne AI (PDYN) CEO Benjamin Wolff report in this Form 4?

Benjamin G. Wolff reported buying 1,000 shares of Palladyne AI common stock in the open market at $5.85 per share. This filing also updates his direct and indirect holdings, showing both personal and entity-controlled positions in the company’s stock.

How many Palladyne AI (PDYN) shares does the CEO own directly after this transaction?

After the reported transaction, Benjamin G. Wolff directly holds 2,837,401 shares of Palladyne AI common stock. This figure reflects his personal direct ownership only and does not include additional shares held indirectly through trusts, an LLC, or his spouse.

At what price did the Palladyne AI (PDYN) CEO buy shares on March 27, 2026?

Benjamin G. Wolff purchased 1,000 Palladyne AI common shares at $5.85 per share on March 27, 2026. The transaction is classified as an open-market purchase, indicating he bought the stock on the market rather than receiving it as compensation.

What indirect Palladyne AI (PDYN) holdings are associated with CEO Benjamin Wolff?

Indirect holdings include 107,526 shares in the MLC Solo 401k Trust, 383,119 shares held by Mare's Leg Capital, LLC, and 904 shares held by his spouse. Wolff and his spouse control the trust and LLC, giving them voting and dispositive power over those shares.

What is the MLC Solo 401k Trust mentioned in the Palladyne AI (PDYN) Form 4?

The MLC Solo 401k Trust is a retirement trust holding 107,526 Palladyne AI shares for Benjamin Wolff. He and his spouse are trustees with shared voting and dispositive power, and Wolff is the sole beneficiary, so these shares are reported as indirectly owned.

What is Mare's Leg Capital, LLC in relation to Palladyne AI (PDYN) insider holdings?

Mare's Leg Capital, LLC holds 383,119 Palladyne AI common shares indirectly for Benjamin Wolff. The LLC is wholly owned by Wolff and his spouse, so its holdings are attributed as indirect ownership in the filing, reflecting another vehicle through which they hold company stock.