Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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Palladyne AI Corp. (Name of Issuer) |
Common Stock, $0.0001 par value per share (Title of Class of Securities) |
80359A205 (CUSIP Number) |
WILLIAM KERBER 3917 NE 104TH, OKLAHOMA CITY, OK, 73131 405-373-6600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
09/16/2024 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 80359A205 |
| 1 |
Name of reporting person
KERBER WILLIAM XAVIER III | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
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| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
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| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
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| 14 | Type of Reporting Person (See Instructions)
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SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock, $0.0001 par value per share |
| (b) | Name of Issuer:
Palladyne AI Corp. |
| (c) | Address of Issuer's Principal Executive Offices:
650 SOUTH 500 WEST, 650 SOUTH 500 WEST, SALT LAKE CITY,
UTAH
, 84101. |
| Item 2. | Identity and Background |
| (a) | William Xavier Kerber III |
| (b) | 3917 NE 104th STOklahoma City, OK. 73131 |
| (c) | CEO Human Mode LLC3917 NE 104th STOklahoma City, OK. 73131 |
| (d) | During the past 5 years, Mr. Kerber has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | During the past 5 years, Mr. Kerber has not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
| (f) | United States |
| Item 3. | Source and Amount of Funds or Other Consideration |
Personal Funds | |
| Item 4. | Purpose of Transaction |
Mr. Kerber purchased these shares as an individual for the purposes of investment in the Issuer's Common Stock. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | As of the date of this Schedule, Mr. Kerber beneficially owns an aggregate of 2,403,037 shares of Common Stock, or 8.98% of the Issuer's outstanding shares of Common Stock. The beneficial ownership percentages used in this Schedule are calculated based on the 26,769,694 shares outstanding as of June 30, 2024 |
| (b) | As of the date of this Schedule, Mr. Kerber beneficially owns and has sole voting and sole dispositive power of 2,403,037 shares of the issuer's Common Stock. |
| (c) | On September 16, 2024 Mr. Kerber's purchases in the issuer's Common Stock represented an aggregate change in beneficial ownership of 1% or greater. This change in beneficial ownership is calculated based on a net change of 319,187 shares acquired by Mr. Kerber since his previous 13D filing dated March 05, 2024. |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
As of the filing date of this Schedule, Mr. Kerber is not involved in any contracts, arrangements, understandings or relationships related to any securities of the Issuer. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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