Palladyne AI CLO acquires 1,000 ESPP shares
Palladyne AI Corp. chief legal officer Stephen Sonne acquired 1,000 shares of common stock at $4.5475 per share through the company’s Employee Stock Purchase Plan.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Palladyne AI Corp. chief legal officer Stephen Sonne acquired 1,000 shares of common stock at $4.5475 per share through the company’s Employee Stock Purchase Plan. These ESPP shares relate to a purchase period from December 1, 2025 through June 1, 2026 and are exempt under Rule 16b-3(c). Following this acquisition, Sonne directly holds 198,490 common shares.
Insider Trade Summary
Grant/Award: 1,000 shares
Grant/Award
1 txn
Insider
SONNE STEPHEN
Role
CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,000 | $4.5475 | $5K |
Holdings After Transaction:
Common Stock — 198,490 shares (Direct)
Holdings Before and After:
Common Stock, 197,490 to 198,490 shares (Direct)
Footnotes (3)
- F1. The reporting person is voluntarily reporting the acquisition of shares of the issuer's common stock pursuant to the Palladyne AI Corp. Employee Stock Purchase Plan ("ESPP"), for the ESPP Purchase Period (as defined in the ESPP) of December 1, 2025 through June 1, 2026. This transaction is exempt under Rule 16b-3(c).
- F2. The Purchase Period ended June 1, 2026 and is the Purchase Period comprising the Offering Period (as defined in the ESPP) that began December 1, 2025.
- F3. In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on December 1, 2025.
Key Figures
Shares acquired: 1,000 shares
Purchase price per share: $4.5475 per share
Holdings after transaction: 198,490 shares
+2 more
5 metrics
Shares acquired
1,000 shares
ESPP acquisition on June 1, 2026
Purchase price per share
$4.5475 per share
ESPP common stock purchase
Holdings after transaction
198,490 shares
Direct common stock held by Stephen Sonne
ESPP discount basis
85% of closing price
Based on December 1, 2025 closing price
ESPP purchase period
December 1, 2025 – June 1, 2026
Purchase Period under ESPP
Key Terms
Employee Stock Purchase Plan, ESPP, Rule 16b-3(c), Purchase Period, +1 more
5 terms
Employee Stock Purchase Plan financial
"acquisition of shares of the issuer's common stock pursuant to the Palladyne AI Corp. Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
ESPP financial
"pursuant to the Palladyne AI Corp. Employee Stock Purchase Plan ("ESPP"), for the ESPP Purchase Period"
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
Rule 16b-3(c) regulatory
"This transaction is exempt under Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Purchase Period financial
"for the ESPP Purchase Period of December 1, 2025 through June 1, 2026."
Offering Period financial
"the Purchase Period comprising the Offering Period (as defined in the ESPP) that began December 1, 2025."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Palladyne AI (PDYN) report for Stephen Sonne?
Palladyne AI reported that chief legal officer Stephen Sonne acquired 1,000 common shares through the company’s Employee Stock Purchase Plan. The shares were purchased at $4.5475 each and increased his direct holdings to 198,490 Palladyne AI common shares following the transaction.
What is the ESPP purchase period described in this Palladyne AI (PDYN) Form 4?
The ESPP purchase period covered in this Form 4 ran from December 1, 2025 through June 1, 2026. It is described as the Purchase Period comprising the Offering Period under Palladyne AI’s Employee Stock Purchase Plan, during which participating employees could purchase shares.
Why is Stephen Sonne’s Palladyne AI (PDYN) ESPP transaction Rule 16b-3(c) exempt?
The transaction is described as exempt under Rule 16b-3(c) because it involves shares acquired pursuant to Palladyne AI’s Employee Stock Purchase Plan. Such plan-based, board-approved employee acquisitions typically qualify for this exemption from certain short-swing profit recovery provisions under U.S. securities rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
