GARAGIC DENIS 4
4 · Palladyne AI Corp. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Palladyne AI (PDYN) CTO Denis Garagic Sells 15,149 Shares
What Happened
Denis Garagic, Chief Technology Officer of Palladyne AI Corp. (PDYN), sold 15,149 shares on March 30, 2026 in an open-market/private sale for a total of approximately $84,021 (weighted-average price $5.55). The sale was executed to cover income tax withholding tied to the vesting of restricted stock units (RSUs), and is reported as a non-discretionary sell-to-cover transaction.
Key Details
- Transaction date: March 30, 2026 (reported on Form 4 filed March 31, 2026).
- Shares sold: 15,149; Weighted-average price: $5.55; Aggregate proceeds: ~$84,021.
- Price range: sales occurred at prices between $5.295 and $5.6301 (F2).
- Purpose: Tax withholding related to RSU vesting (sell-to-cover), not a discretionary sale by the reporting person (F1).
- RSU settlement: 34,601 RSUs settled on March 29, 2026; after selling 15,149 shares for taxes, 19,452 of those settled shares remained (F3).
- Timeliness: Filing appears timely (transaction 3/30/2026; Form 4 filed 3/31/2026).
Context
This was a routine sell-to-cover for tax withholding following RSU vesting, which is common and does not necessarily indicate a change in insider sentiment. The filing includes a weighted-average price and a price range; the filer offers to provide exact per-trade details on request (F2).
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-30$5.55/sh−15,149$84,021→ 577,135 total
Footnotes (3)
- [F1]Represents shares of common stock sold to cover income tax liabilities in connection with the vesting of restricted stock unit awards pursuant to sell-to-cover arrangements implemented by the Issuer, which the Reporting Person may elect to pay in cash, and does not represent discretionary transactions by the Reporting Person.
- [F2]The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $5.295 to $5.6301, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- [F3]Includes shares represented by RSUs, of which 34,601 settled on March 29, 2026 and were then reduced by the 15,149 shares sold for taxes as reported on this Form 4.