THATCHER TREVOR 4

4 · Palladyne AI Corp. · Filed May 21, 2026

AI-generated summary of this filing

Updated May 22, 2026

Palladyne AI (PDYN) CFO Trevor Thatcher Sells 4,561 Shares

What Happened

Trevor Thatcher, Chief Financial Officer of Palladyne AI (PDYN), sold 4,561 shares on May 21, 2026 for a total of $28,023. The shares were sold at a weighted-average price of $6.14 as part of a sell-to-cover transaction tied to the vesting of restricted stock units (RSUs). This was a sale (S) to satisfy tax obligations and is described in the filing as not a discretionary trade.

Key Details

Transaction date: May 21, 2026.
Amount and price: 4,561 shares sold; weighted-average price $6.14; individual sale prices ranged from $6.1201 to $6.2111 (filing notes full breakdown available on request).
Proceeds: approximately $28,023.
Reason: Sell-to-cover for income tax liabilities related to RSU vesting (Footnote F1 — not a discretionary sale).
RSU settlement: 11,453 RSUs settled on May 20, 2026; 4,561 of those settled shares were sold for taxes, leaving 6,892 shares retained from that settlement (Footnote F3).
Filing timeliness: Report filed on May 21, 2026 for the May 21, 2026 transaction — not reported as late in the filing.

Context

This was a routine sell-to-cover transaction to satisfy tax withholding on vested RSUs (common when awards vest). Such sales are administrative and do not necessarily indicate the insider’s view of the company’s prospects. Purchases are generally viewed as a stronger signal of insider conviction than routine tax-related sales.

Form 4

Period: 2026-05-21

CHIEF FINANCIAL OFFICER

Transactions

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 $6.1201 to $6.2111, 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 11,453 settled on May 20, 2026 and were then reduced by the 4,561 shares sold for taxes as reported on this Form 4.

Signature

/s/ Stephen Sonne, attorney-in-fact on behalf of Trevor Thatcher|2026-05-21

1 file