[Form 4] Palladyne AI Corp. Insider Trading Activity

Rhea-AI Filing Summary

Palladyne AI Corp. (PDYN) reported an insider purchase by its President and CEO, who is also a director. On 11/18/2025, the reporting person bought 7,000 shares of common stock in an open market transaction coded "P" (purchase) at a weighted-average price of $5.4852 per share. These trades were executed in multiple lots at prices ranging from $5.39 to $5.5999.

Following this transaction, the reporting person beneficially owns 2,825,401 shares directly, with additional indirect ownership reported through a Solo 401(k) trust, a limited liability company, and shares held by a spouse. The footnotes explain that the trust and LLC are controlled by the reporting person and spouse, who share voting and dispositive power over those indirect holdings.

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)
11/18/2025

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	11/18/2025		P		7,000	A	$5.4852(1)	2,825,401	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 $5.39 to $5.5999, 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	11/18/2025
	** 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 was reported for Palladyne AI Corp. (PDYN)?

The President, CEO, and director of Palladyne AI Corp. (PDYN) reported purchasing 7,000 shares of common stock on 11/18/2025 in an open market transaction.

At what price did the PDYN CEO buy shares in this Form 4 filing?

The insider purchase was reported at a weighted-average price of $5.4852 per share, with individual trades executed between $5.39 and $5.5999 per share.

How many Palladyne AI (PDYN) shares does the reporting person own after this transaction?

After the reported purchase, the insider beneficially owns 2,825,401 shares directly, plus additional shares held indirectly through a Solo 401(k) trust, a limited liability company, and by a spouse.

What is the relationship of the reporting person to Palladyne AI Corp. (PDYN)?

The reporting person is a director and an officer of Palladyne AI Corp., serving as President & CEO.

How are the indirect PDYN share holdings structured in this Form 4?

Indirect holdings include shares in a MLC Solo 401k Trust, where the insider and spouse are trustees and share voting and dispositive power, and shares held by Mare's Leg Capital, LLC, an entity wholly owned by the insider and spouse, as well as shares held by the spouse individually.

What does the weighted-average price disclosure in the PDYN Form 4 mean?

The Form 4 explains that the reported 7,000 shares and $5.4852 price reflect an aggregate number of shares and a weighted-average price for multiple trades executed between $5.39 and $5.5999. Full trade-by-trade details are available upon request to the issuer, any security holder, or SEC staff.