GARAGIC DENIS 4

What Happened
Denis Garagic, Chief Technology Officer of Palladyne AI (PDYN), was granted 447,094 restricted stock units (RSUs) on 2026-06-08. The grant is reported at $0.00 per share (no cash paid), so the immediate reported value is $0. These RSUs can be settled only in common stock and will vest according to performance (stock price goals) and service-based conditions.

Key Details

• Transaction date: 2026-06-08
• Transaction type/code: Award/Grant (Code A)
• Amount: 447,094 RSUs @ $0.00; reported value $0
• Shares owned after transaction: Not specified in the filing
• Footnote: RSUs are divided into 10 equally sized tranches, each tied to a stock price goal and service-based vesting conditions
• Filing timeliness: Filed on 2026-06-08 (same-day filing; no late filing indicated)
• Tax/withholding: No tax withholding or cashless settlement noted in the filing

Context
RSUs are conditional awards that do not become actual shares until vested and settled; because these are performance- and service-based tranches, vesting depends on meeting stock-price targets and continued service. If and when RSUs vest and are settled into shares, they will increase the outstanding share count (potential dilution). Awards are common executive compensation and do not by themselves indicate an immediate purchase or sale.