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

William Xavier Kerber III, CEO of Human Mode LLC, filed Amendment No. 4 to his Schedule 13D for Palladyne AI Corp. (PDYN). As of May 13, 2026, Mr. Kerber reports beneficial ownership of 2,366,314 shares of Common Stock, representing 5.0% of the class. This total includes 1,916,314 shares held directly and 450,000 shares held indirectly through the Vincent Kerber, Katheryn Kerber, and Chi Kerber Irrevocable Trusts, where he serves as an investment advisor with shared voting and dispositive power. Recent activity includes the purchase of 10,000 additional shares using personal funds on May 13, 2026, at a price of $6.76 per share. Additionally, Mr. Kerber gifted a total of 250,000 shares to the Chi Kerber Irrevocable Trust between May 5 and May 8, 2026. The filing indicates the purpose of these transactions is for personal investment. The ownership percentage is calculated based on 47,244,225 shares of Common Stock outstanding as reported in the issuer's 10-Q filing from May 5, 2026.