Catalytic transformations involving Pd(0)/Pd(II) catalytic cycles are very well known, and processes involving high-valent Pd(III) and Pd(IV) and low-valent Pd(I) intermediates have also gained interest in recent years. Although low-valent Pd(I) intermediates are proposed in these catalytic cycles, isolated and characterized mononuclear Pd(I) species are very rare. Herein, we report the isolation of two heteroleptic mononuclear Pd(I) complexes stabilized by dithiapyridinophane ligands that were fully characterized by single-crystal X-ray diffraction; EPR, IR, UV–vis spectroscopies; and computational studies. Excitingly, one of these Pd(I) complexes shows Kumada Csp3–Csp2 cross-coupling competency, and initial studies of the other shows direct evidence for Csp3–H bond activation proposed to occur at the Pd(I) center.