Palladyne AI CEO buys 17K shares at $5.79
Palladyne AI Corp. CEO Benjamin Wolff disclosed an indirect open-market purchase of 17,121 PDYN shares at a weighted-average price of about $5.79.
Rhea-AI Filing Summary
Palladyne AI Corp. (PDYN) director and PRESIDENT & CEO Benjamin G. Wolff reported an open-market purchase of 17,121 shares of common stock on September 8, 2026 at a weighted-average price of $5.7899 per share, with individual trade prices ranging from $5.75 to $5.84.
The purchased shares are held indirectly through Mare's Leg Capital, LLC, an entity wholly owned by Benjamin Wolff and his spouse Julie Wolff, and are reported as indirectly owned. Wolff also reports 7,308,343 shares of common stock held directly and 904 shares held indirectly by his spouse, plus additional indirect holdings through a 401k trust where he and his spouse share voting and dispositive power. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 17,121 shares
Net Buy
4 txns
Insider
Wolff Benjamin G
Role
PRESIDENT & CEO
Bought
17,121 shs ($99K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 17,121 | $5.7899 | $99K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 507,766 shares (Indirect, See footnote);
Common Stock — 7,308,343 shares (Direct);
Common Stock — 904 shares (Indirect, By Spouse)
Footnotes (3)
- F1. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares purchased. These shares were purchased in multiple transactions at prices ranging from $5.75 to $5.84, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
- F2. Represents shares held by Mare's Leg Capital, LLC ("MLC"). MLC is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.
- F3. 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.
Key Figures
Shares purchased: 17,121 shares
Weighted-average purchase price: $5.7899 per share
Direct common stock holdings: 7,308,343 shares
+2 more
5 metrics
Shares purchased
17,121 shares
Open-market purchase of Palladyne AI Corp. common stock on September 8, 2026
Weighted-average purchase price
$5.7899 per share
Average price for 17,121 shares, with trades from $5.75 to $5.84
Direct common stock holdings
7,308,343 shares
Shares of Palladyne AI Corp. common stock held directly by Benjamin Wolff after reported transactions
Spouse indirect holdings
904 shares
Common stock of Palladyne AI Corp. held indirectly by Benjamin Wolff’s spouse
Net share direction
17,121-share net buy
Transaction summary shows net-buy direction from this Form 4
Key Terms
weighted-average price, indirect ownership, voting and dispositive power, beneficiary, +1 more
5 terms
weighted-average price financial
"reflect the aggregate number and weighted-average price, respectively, of shares purchased"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
indirect ownership financial
"The purchased shares are held indirectly through Mare's Leg Capital, LLC"
voting and dispositive power financial
"share voting and dispositive power over equity held by the trust"
beneficiary financial
"Mr. Wolff is the sole beneficiary of the 401k Trust"
open market or private transaction financial
"Purchase in open market or private transaction"
FAQ
What did PDYN CEO Benjamin Wolff report in this Form 4?
He reported an open-market purchase of 17,121 shares of Palladyne AI Corp. common stock on September 8, 2026, at a weighted-average price of $5.7899 per share, with individual trades between $5.75 and $5.84, held indirectly through Mare's Leg Capital, LLC.
Does the Form 4 for PDYN indicate a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with this 17,121-share purchase of Palladyne AI Corp. stock.
What other indirect PDYN holdings does Benjamin Wolff report?
He reports indirect holdings through a 401k trust where he and his spouse are trustees with shared voting and dispositive power, and 904 shares held indirectly by his spouse. The trust’s shares are separate from the 17,121 shares held by Mare's Leg Capital, LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
