THATCHER TREVOR 4
4 · Palladyne AI Corp. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Palladyne AI (PDYN) CFO Trevor Thatcher Sells 3,030 Shares
What Happened
Trevor Thatcher, Chief Financial Officer of Palladyne AI Corp. (PDYN), sold 3,030 shares in an open-market/private sale on March 30, 2026. The shares were sold at a weighted-average price of $5.55 for total proceeds of approximately $16,805. This sale was a sell-to-cover to satisfy income tax withholding obligations arising from recently vested restricted stock units (RSUs), not a discretionary sale to express a view on the company.
Key Details
- Transaction date: March 30, 2026 (Form 4 filed March 31, 2026 — timely).
- Amount/price: 3,030 shares sold; weighted-average price $5.55; total ≈ $16,805.
- Price range: Individual transactions occurred between $5.295 and $5.6301 (aggregate reported per footnote).
- Shares after vesting: 7,078 RSUs settled on March 29, 2026; 3,030 of those were sold for taxes, leaving 4,048 shares retained from that vesting.
- Footnotes: F1 confirms the sale was to cover tax liabilities (sell-to-cover), not a discretionary trade. F2 notes the aggregated reporting and offers to provide per-trade price breakdown on request. F3 explains the relation to the RSU settlement.
- Transaction code: S (Sale) with tax-withholding treatment (F).
Context
This was a routine sell-to-cover transaction following RSU vesting — common for executives when shares vest and taxes are due. Such tax-related sales generally do not indicate increased negative sentiment about the company; they reflect standard compensation settlement mechanics.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-30$5.55/sh−3,030$16,805→ 180,258 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 7,078 settled on March 29, 2026 and were then reduced by the 3,030 shares sold for taxes as reported on this Form 4.