Palladyne AI reprices 753,551 employee options to $1.59, restarts vesting for retention

Palladyne AI Corp.

Compensation Committee amended options for 7 senior employees (225,670 shares) and other employees (527,881 shares), reducing strike to $1.59.
CFO Trevor Thatcher's options on 24,691 shares included; CEO had voluntarily cancelled all his options earlier.
Amended options restart vesting: 25% on March 29, 2025, then quarterly over 3 years.
Move intended as retention tool in lieu of 2024 annual equity grants, minimizing dilution.
All repriced options were underwater; no board member options affected.

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