GARAGIC DENIS 4

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).