---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-046495"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T14:18:41.716118+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-046495
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017024046495/0000950170-24-046495-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017024046495/pdyn-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-046495
- JSON: https://secwatch.observer/filing/0000950170-24-046495.json
- Plain text: https://secwatch.observer/filing/0000950170-24-046495.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.