[Form 4] Palladyne AI Corp. Insider Trading Activity

Rhea-AI Filing Summary

Palladyne AI Corp. (PDYN) reported that its President, CEO and director executed an open-market purchase of company stock. On 11/20/2025, the reporting person bought 3,000 shares of common stock at a weighted-average price of $5.2867 per share, with individual trades occurring between $5.28 and $5.30. After this transaction, the reporting person directly holds 2,836,401 shares of common stock. Additional indirect holdings include 107,526 shares held through a Solo 401(k) trust, 904 shares held by a spouse, and 383,119 shares held through Mare's Leg Capital, LLC, a wholly owned entity of the reporting person and spouse.

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

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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).

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

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		P		3,000	A	$5.2867(1)	2,836,401	D
Common Stock								107,526	I	See footnote(2)
Common Stock								904	I	By Spouse
Common Stock								383,119	I	See footnote(3)

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. 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 $5.28 to $5.30, 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.

2. 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.

3. 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	11/24/2025
	** 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 insider transaction did Palladyne AI (PDYN) report on this Form 4?

The filing reports that Palladyne AI's President, CEO and director purchased 3,000 shares of the company’s common stock in an open-market transaction on 11/20/2025.

At what price did the PDYN insider buy the 3,000 shares?

The reporting person bought the 3,000 shares at a weighted-average price of $5.2867 per share, with individual trades between $5.28 and $5.30.

How many Palladyne AI (PDYN) shares does the insider now own directly?

Following the reported transaction, the insider directly owns 2,836,401 shares of Palladyne AI common stock.

What indirect holdings of PDYN stock does the insider report?

Indirect holdings include 107,526 shares through a Solo 401(k) trust, 904 shares held by the spouse, and 383,119 shares held via Mare's Leg Capital, LLC.

Who controls the PDYN shares held by the 401(k) trust?

The MLC Solo 401k Trust FOB Benjamin Wolff shares are overseen by Mr. Wolff and his spouse as trustees, and Mr. Wolff is the sole beneficiary of the trust.

What is Mare's Leg Capital, LLC in relation to PDYN share ownership?

Mare's Leg Capital, LLC is an entity wholly owned by the reporting person and spouse, through which 383,119 shares of Palladyne AI common stock are held.