Palladyne AI (PDYN) CTO Denis Garagic Sells 17,255 Shares

What Happened Denis Garagic, Chief Technology Officer of Palladyne AI Corp. (PDYN), sold 17,255 shares on August 21, 2026. The shares were sold at a weighted-average price of $6.16 per share for aggregate proceeds of $106,272. This transaction was a sale to cover income tax withholding related to the vesting of restricted stock units (RSUs), not a discretionary market-timing sale.

Key Details

• Transaction date: August 21, 2026 (RSUs settled Aug 20, 2026 per footnote).
• Shares sold: 17,255; weighted-average price: $6.16; aggregate proceeds: $106,272.
• Price range: $6.1201 to $6.2101 across multiple trades (footnote F2).
• Reason: Sell-to-cover to satisfy tax liabilities on RSU vesting (footnote F1).
• RSU detail: 41,539 RSUs settled on Aug 20, 2026 and were reduced by the 17,255 shares sold, leaving 24,284 net RSU shares retained from that settlement (footnote F3).
• Total shares owned after the transaction (including prior holdings) are not provided in the excerpt.
• Filing date: Report filed on 2026-08-21; no late filing indicated.

Context This was a routine sell-to-cover (tax withholding) following RSU settlement, which is common and does not necessarily signal the insider’s view on the company's prospects. The filer states these were not discretionary sales and may elect to pay taxes in cash instead. Per the filing, further breakdown of the number of shares sold at each specific price within the reported range is available upon request (footnote F2).