4//SEC Filing
GARAGIC DENIS 4
Accession 0001415889-24-011260
CIK 0001826681other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 6:17 PM ET
Size
18.3 KB
Accession
0001415889-24-011260
Insider Transaction Report
Form 4
GARAGIC DENIS
CHIEF TECHNOLOGY OFFICER
Transactions
- Award
Stock Option (right to buy)
2024-04-17+21,372→ 21,372 totalExercise: $1.59Exp: 2030-05-28→ Common Stock (21,372 underlying) - Disposition to Issuer
Stock Option (right to buy)
2024-04-17−14,204→ 0 totalExercise: $24.54Exp: 2032-05-20→ Common Stock (14,204 underlying) - Disposition to Issuer
Stock Option (right to buy)
2024-04-17−21,372→ 0 totalExercise: $7.44Exp: 2030-05-28→ Common Stock (21,372 underlying) - Disposition to Issuer
Stock Option (right to buy)
2024-04-17−68,486→ 0 totalExercise: $2.82Exp: 2033-03-29→ Common Stock (68,486 underlying) - Award
Stock Option (right to buy)
2024-04-17+14,204→ 14,204 totalExercise: $1.59Exp: 2032-05-20→ Common Stock (14,204 underlying) - Award
Stock Option (right to buy)
2024-04-17+68,486→ 68,486 totalExercise: $1.59Exp: 2033-03-29→ Common Stock (68,486 underlying)
Footnotes (7)
- [F1]This option award was granted on May 29, 2020 and was previously reported as covering 128,230 shares at an exercise price of $1.24 per share, but was adjusted to reflect a 1-for-6 reverse stock split that occurred on July 5, 2023.
- [F2]One-third (1/3) of the shares subject to the Option vested on May 29, 2021 and one-thirty-sixth (1/36) of the shares have vested or will vest each month thereafter.
- [F3]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.
- [F4]This option award was granted on May 20, 2022 and was previously reported as covering 85,220 shares at an exercise price of $4.09 per share, but was adjusted to reflect a 1-for-6 reverse stock split that occurred on July 5, 2023.
- [F5]25% of the shares subject to the Option vested on May 20, 2023, 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.
- [F6]This option award was granted on May 29, 2023 and was previously reported as covering 410,914 shares at an exercise price of $0.47 per share, but was adjusted to reflect a 1-for-6 reverse stock split that occurred on July 5, 2023.
- [F7]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 0001920634
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 6:17 PM ET
- Size
- 18.3 KB