Form 4 for PDYN Palladyne AI Corp.
Accepted 2021-09-24 00:00:00 ET · period of report 2021-09-24 · accession 0001209191-21-057694 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2021-09-24 | 2021-09-24 | PDYN | WEIBLING DENNIS M | Dir | A - Grant | $10.00 | +50.0K | 2.26M | +2% | +$500.0K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-09-24 | A | A | 50,000 | $10.00 | 2,260,683 | I See footnote | — | — | (F1) On April 5, 2021, the issuer entered into subscription agreements with certain investors (the "PIPE Investors") pursuant to which the PIPE Investors agreed to purchase shares of the issuer's common stock for $10.00 per share in connection with, and conditioned upon, the substantially concurrent consummation of certain transactions, including the Agreement and Plan of Merger, dated as of April 5, 2021, as amended on August 28, 2021, by and among Sarcos Corp., Rotor Merger Sub Corp. and Rotor Acquisition Corp. (the "Business Combination"). As one of the PIPE Investors, on September 24, 2021, the Weibling Living Trust acquired 50,000 shares of the issuer's common stock for $10.00 per share. Mr. Weibling has sole voting and dispositive power over the shares held by the Weibling Living Trust. |