William Xavier Kerber III Increases Stake in Palladyne AI Corp. to 5.0%

On May 14, 2026, William Xavier Kerber III filed Amendment No. 4 to his Schedule 13D for Palladyne AI Corp. (PDYN), reporting a beneficial ownership of 2,366,314 shares, representing 5.0% of the company's common stock. The filing follows a series of transactions, including the direct purchase of 10,000 shares on May 13, 2026, at a price of $6.76 per share using personal funds. Additionally, the reporting person disclosed gifting a total of 250,000 shares to the Chi Kerber Irrevocable Trust across two transactions on May 5 and May 8, 2026. Mr. Kerber maintains sole voting and dispositive power over 1,916,314 shares held directly and shared power over 450,000 shares through his advisory role to the Vincent, Katheryn, and Chi Kerber Irrevocable Trusts. The reporting person, who serves as the CEO of Human Mode LLC, indicated that the shares were acquired for investment purposes. This filing updates his position from a previously reported 0.0% in the provided metadata to the current 5.0% threshold.