Palladyne AI (PDYN) director Brian Finn receives 15,083 RSUs, updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FINN BRIAN D reported acquisition or exercise transactions in this Form 4 filing.
Palladyne AI Corp. director Brian D. Finn reported a new equity award and updated holdings in company stock. He received 15,083 restricted stock units (RSUs), each representing one share of common stock, at a grant price of $0. These RSUs vest on the earlier of the first anniversary of the grant date or the day before the next annual shareholder meeting, if he continues as a service provider.
After the grant, Finn holds 74,079 shares directly, including the 15,083 RSUs. The filing also lists indirect holdings through entities where he serves as administrator: 467,760 shares held by Marstar Investments LLC, 85,858 shares held by MI-MJ LLC, and 261,091 shares held by MI-CM LLC, over which he has sole voting and dispositive power but disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
FINN BRIAN D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,083 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 74,079 shares (Direct, null);
Common Stock — 467,760 shares (Indirect, By Marstar Investments LLC)
Footnotes (1)
- Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share of common stock of the Issuer. The RSUs will vest on the earlier of (i) the first anniversary of the date the award is granted or (ii) the day prior to the date of the next annual meeting of the Issuer's stockholders following the date the award was granted, in each case, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date. Securities are held by Marstar Investments LLC ("Marstar"). Mr. Finn is the administrator of Marstar and has sole voting and dispositive power over the shares of Issuer common stock held by Marstar. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein. Securities are held by MI-MJ. Mr. Finn is the administrator of MI-MJ. As administrator, Mr. Finn has sole voting and dispositive power over the shares of Issuer common stock held by MI-MJ. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein. Securities are held by MI-CM LLC ("MI-CM"). Mr. Finn is the administrator of MI-CM. As administrator, Mr. Finn has sole voting and dispositive power over the shares of Issuer common stock held by MI-CM. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
Key Figures
RSU grant: 15,083 RSUs
Grant price per share: $0.0000 per share
Direct holdings after grant: 74,079 shares
+3 more
6 metrics
RSU grant
15,083 RSUs
Equity award to director Brian D. Finn
Grant price per share
$0.0000 per share
Price for 15,083 RSUs
Direct holdings after grant
74,079 shares
Common stock directly held by Finn after RSU grant
Marstar Investments LLC holdings
467,760 shares
Indirect holdings administered by Finn via Marstar Investments LLC
MI-MJ LLC holdings
85,858 shares
Indirect holdings administered by Finn via MI-MJ LLC
MI-CM LLC holdings
261,091 shares
Indirect holdings administered by Finn via MI-CM LLC
Key Terms
restricted stock units, RSUs, dispositive power, beneficial ownership, +1 more
5 terms
restricted stock units financial
"Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
dispositive power financial
"has sole voting and dispositive power over the shares of Issuer common stock held by Marstar"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
beneficial ownership financial
"Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein"
FAQ
What insider transaction did Brian D. Finn report for Palladyne AI (PDYN)?
Brian D. Finn reported receiving 15,083 restricted stock units in Palladyne AI common stock. These RSUs were granted at no cash cost and represent a compensation award, not an open-market purchase or sale, and are subject to future vesting conditions tied to his continued service.
How many Palladyne AI (PDYN) RSUs were granted to Brian D. Finn and what do they represent?
Brian D. Finn was granted 15,083 restricted stock units, each representing the right to receive one share of Palladyne AI common stock. The RSUs are a form of equity compensation and convert into shares only upon satisfying the specified vesting conditions described in the filing.
When do Brian D. Finn’s Palladyne AI (PDYN) RSUs vest?
Finn’s 15,083 RSUs vest on the earlier of the first anniversary of the grant date or the day before the next annual shareholder meeting. Vesting requires that he remain a service provider to Palladyne AI through the applicable vesting date under the award’s terms.
Does this Palladyne AI (PDYN) Form 4 show any insider stock sales by Brian D. Finn?
The Form 4 does not report any open-market stock sales by Finn. It primarily records a compensation-related grant of 15,083 RSUs and lists his resulting direct and indirect holdings, rather than documenting purchases or sales in the public market during the reported period.