VOGT MATTHEW 4
4 · Palladyne AI Corp. · Filed Apr 19, 2024
Insider Transaction Report
Form 4
VOGT MATTHEW
CHIEF REVENUE OFFICER
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2024-04-17−4,261→ 0 totalExercise: $24.54Exp: 2032-05-20→ Common Stock (4,261 underlying) - Disposition to Issuer
Stock Option (right to buy)
2024-04-17−17,098→ 0 totalExercise: $52.74Exp: 2031-06-16→ Common Stock (17,098 underlying) - Award
Stock Option (right to buy)
2024-04-17+17,098→ 17,098 totalExercise: $1.59Exp: 2031-06-16→ Common Stock (17,098 underlying) - Award
Stock Option (right to buy)
2024-04-17+4,261→ 4,261 totalExercise: $1.59Exp: 2032-05-20→ Common Stock (4,261 underlying)
Footnotes (4)
- [F1]25% of the shares subject to the option vested on June 1, 2022 and thereafter 1/48 of the shares subject to the option vest on each monthly vesting date, subject to the Reporting Person's continued service to the Issuer through such date. Due to a clerical error, the expiration date of the option was erroneously reported as June 17, 2031 in the Reporting Person's Form 3 filed on November 8, 2023.
- [F2]Outstanding options were amended to reduce the exercise price and revise the vesting terms. This amendment was approved by the compensation committee of the Issuer's board of directors and is intended to be exempt pursuant to Rule 16b-3 of the Exchange Act.
- [F3]25% of the shares subject to the option vested on May 20, 2023, and thereafter 1/12 of the shares subject to the option vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.
- [F4]The option is fully unvested as of the amendment. 25% of the shares subject to the option will vest on March 29, 2025, and then 1/12 of the shares subject to the option vest on each quarterly vesting date thereafter, subject to the Reporting Person's continued service to the Issuer through such date.