Form 4 for PDYN Palladyne AI Corp.
Accepted 2021-09-27 00:00:00 ET · period of report 2021-09-24 · accession 0001209191-21-057738 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2021-09-27 | 2021-09-24 | PDYN | FINN BRIAN D | Dir, 10% | A - Grant | $10.00 | +142.5K | 12.5K | New | +$1.43M |
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 | 130,000 | $10.00 | 371,473 | 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, Marstar Investments LLC ("Marstar") acquired 130,000 shares of the issuer's common stock for $10.00 per share. Mr. Finn is the administrator of Marstar and has sole voting and dispositive power over the shares that will be directly held by Marstar. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein. |
| 2 | Common | Common Stock | 2021-09-24 | A | A | 12,500 | $10.00 | 12,500 | I See footnote | — | — | (F2) On April 5, 2021, the issuer entered into subscription agreements with certain 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 Business Combination. As one of the PIPE Investors, on September 24, 2021, Gee Jay LLC ("Gee Jay") acquired 12,500 shares of the issuer's common stock for $10.00 per share. Mr. Finn is the trustee of the Gee Jay. Mr. Finn disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |