4//SEC Filing
VOGT MATTHEW 4
Accession 0001415889-24-011256
CIK 0001826681other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 6:14 PM ET
Size
13.3 KB
Accession
0001415889-24-011256
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.
Documents
Issuer
Palladyne AI Corp.
CIK 0001826681
Entity typeother
Related Parties
1- filerCIK 0001999222
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 6:14 PM ET
- Size
- 13.3 KB