SONNE STEPHEN 4

What Happened Stephen Sonne, Chief Legal Officer of Palladyne AI (PDYN), sold 3,471 shares on March 30, 2026. The aggregate proceeds were $19,251, reported at a weighted-average price of $5.55 per share. The sale was a sell-to-cover to satisfy income tax withholding obligations related to restricted stock units (RSUs) that vested, not a discretionary open-market divestiture.

Key Details

• Transaction date: March 30, 2026; Form 4 filed March 31, 2026 (timely filing).
• Sale details: 3,471 shares sold; weighted-average price $5.55; individual sale prices ranged from $5.295 to $5.6301.
• Purpose: Shares were sold to cover income taxes upon RSU vesting (sell-to-cover), per the filing — not a discretionary trade by the reporting person.
• RSU impact: 8,995 RSUs settled on March 29, 2026; after selling 3,471 shares for taxes, 5,524 shares from that settlement remained.
• Additional note: The reporting person will provide, upon request, a breakdown of the number of shares sold at each price within the reported range.

Context Sell-to-cover transactions are common when RSUs vest and generally reflect tax withholding rather than a signal about the insider’s view of the company. For retail investors, purchases by insiders can be more informative than routine tax-related sales; this filing documents a tax-withholding sale tied to RSU settlement.