Palladyne AI (STRC) general counsel Shao sold 30,000 shares for $10.7M at an average $357.37
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Insider transactions reported
Wei-Ming Shao (EVP & General Counsel at Palladyne AI Corp., STRC) reported that they sold 30,000 shares for $10.7M at an average $357.37, and acquired 30,000 shares at $40.46 on Oct 7, 2025. After these transactions the filing shows 12,726 shares held directly.
- Reporting person
- Shao Wei-Ming
- Role
- EVP & General Counsel
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Oct 7, 2025 | Exercise or conversion of a derivative (M) | Class A Common Stock | +30,000 | $40.46 | $1.21M | 42,726 direct |
| Oct 7, 2025 | Open-market sale (S) | Class A Common Stock1, 2, 3, ... | -30,000 | avg $357.37 | $10.7M | 12,726 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Oct 7, 2025 | Exercise or conversion of a derivative (M) | Employee Stock Option (Right to buy)On 30,000 Class A Common Stock5 | -30,000 | - | - | 99,100 direct |
Holdings before and after
- Employee Stock Option (Right to buy): 129,100 to 99,100 direct
Other positions listed
- Series A Perpetual Strife Preferred Stock: 500 direct
- Series A Perpetual Stretch Preferred Stock: 15,000 direct
- Series A Perpetual Stride Preferred Stock: 3,527 direct
Footnotes from the filing
- 1. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $355.48 to $356.47, inclusive. The reporting person undertakes to provide to Strategy Inc ( Strategy ), any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in this footnote.
- 2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $356.63 to $357.625, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in this footnote.
- 5. Of the 30,000 shares exercised on October 7, 2025 pursuant to this option, 29,100 shares vested on February 17, 2024 and 900 shares vested on February 17, 2025. Of the remaining 99,100 shares subject to this option, 49,100 shares vested on February 17, 2025 and 50,000 shares are scheduled to vest on February 17, 2026.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Shao report in this STRC Form 4?
Wei-Ming Shao (EVP & General Counsel at Palladyne AI Corp., STRC) reported that they sold 30,000 shares for $10.7M at an average $357.37, and acquired 30,000 shares at $40.46 on Oct 7, 2025. After these transactions the filing shows 12,726 shares held directly.
How many STRC shares does Shao hold after this filing?
The filing shows 12,726 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this STRC insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for STRC
Earlier insider filings at STRC
- Sep 22, 2025EVP & General Counsel Shao Wei-Ming exercised 10,000 shares at a strike of $40.46 and sold $3,557,890 worth of shares (10,000 units at $355.79) (SEC Form 4)
- Sep 16, 2025EVP & General Counsel Shao Wei-Ming bought $1,211,450 worth of Series A Perpetual Stretch Preferred Stock (12,500 units at $96.92), increasing direct ownership by 500% to 15,000 units (SEC Form 4)
- Aug 28, 2025President & CEO Le Phong bought $11,309 worth of Series A Perpetual Stretch Preferred Stock (119 units at $95.03) (SEC Form 4)
- Aug 12, 2025Director Winiarski Gregg bought $976,520 worth of Series A Perpetual Stretch Preferred Stock (10,000 units at $97.65) (SEC Form 4)
- Aug 11, 2025EVP & CFO Kang Andrew exercised 18,750 shares at a strike of $19.74 and sold $7,406,250 worth of shares (18,750 units at $395.00) (SEC Form 4)
Quantisnow market dataNASDAQ
STRC
Palladyne AI Corp.
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Wholesale Distributors
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