[Form 4] Palladyne AI Corp Warrants Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing overview: On 06/26/2025, Palladyne AI Corp. (PDYN) director Dennis M. Weibling reported a Code G transaction, indicating a bona-fide charitable gift of 50,000 common shares at $0.00 per share.

Following the gift, Mr. Weibling’s direct ownership decreased from 404,703 to 354,703 shares. He continues to hold substantial indirect stakes: 200,000 shares through On Eagles Wings Investments, LLC and 376,780 shares through the Weibling Living Trust, bringing total beneficial ownership to 931,483 shares.

No derivative securities were reported, and no purchases or sales for consideration occurred. Because the transaction is a donation, it does not add selling pressure or signal a valuation view, but it does slightly reduce the director’s direct voting power.

Positive

• Director retains a significant aggregate stake of 931,483 shares, maintaining alignment with common shareholders.
• Transaction classified as Code G (charitable gift), indicating no insider profit-taking or bearish sentiment.

Negative

• Direct share count decreased by 50,000 shares, a 12% reduction in direct holdings, slightly lowering immediate voting power.

Insights

Financial Analyst

TL;DR – Charitable gift of 50k shares; ownership still large; neutral signal.

This Form 4 reflects a non-cash transfer (Code G) to a donor-advised fund. The absence of a sale price and the philanthropic nature remove typical insider-selling concerns. Post-gift, Weibling retains roughly 0.9 million shares, keeping meaningful alignment with shareholders. As no derivatives, options, or 10b5-1 plans are involved, the filing is routine and not expected to move PDYN’s valuation.

Corporate Governance Expert

TL;DR – Governance-neutral; modest direct stake trim, no control change.

The transaction reduces direct holdings by 12% (50k/404.7k) yet leaves aggregate voting power intact. From a governance viewpoint, continuing substantial ownership (>930k shares) maintains board-shareholder alignment. No red flags such as option exercises, related-party sales, or hedging appear. Therefore, the event is neutral for governance risk assessments.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

WEIBLING DENNIS M

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

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	06/26/2025		G		50,000(1)	D	$0	354,703	D
Common Stock								200,000	I	By On Eagles Wings Investments, LLC(2)
Common Stock								376,780	I	By Weibling Living Trust

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. Represents a charitable contribution of shares to a donor advised fund.

2. On Eagles Wings Investments, LLC is an entity wholly-owned by Weibling Living Trust - Revocable Trust, for which Mr. Weibling and his spouse are sole beneficiaries, and Mr. Weibling's children.

	/s/ Stephen Sonne, attorney-in-fact on behalf of Dennis M. Weibling	06/27/2025
	** 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

How many PDYN shares did Dennis Weibling gift on 06/26/2025?

He gifted 50,000 common shares to a donor-advised fund.

What is Dennis Weibling’s total PDYN ownership after the transaction?

He beneficially owns 931,483 shares (354,703 direct; 576,780 indirect).

Does the filing involve any stock sales for cash?

No. The Code G transaction is a charitable contribution at $0.00 per share.

Are there any derivative securities reported in this Form 4?

No derivative securities were acquired, disposed of, or held.

Is this filing likely to impact PDYN’s stock price?

The transaction is routine and not considered materially impactful to PDYN’s valuation.