THATCHER TREVOR 4

What Happened

• Trevor Thatcher, Chief Financial Officer of Palladyne AI Corp. (PDYN), received a grant of 147,541 restricted stock units (RSUs) on 2026-06-08. The reported acquisition price is $0.00, meaning this is a compensation award rather than a purchase; total reported acquisition value = $0. The RSUs can only be settled in shares of common stock and are subject to vesting conditions.

Key Details

• Transaction date: 2026-06-08; transaction type: Award/Grant (code A).
• Shares granted: 147,541 RSUs; reported price per share: $0.00; reported value: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The 147,541 RSUs are divided into 10 equally sized tranches, each tied to a stock-price goal plus service-based vesting conditions (i.e., contingent on both stock performance and continued employment).
• Filing timeliness: Reported with a Form 4 dated 2026-06-08 (no late filing indicated).

Context

• RSU grants are a form of equity compensation and do not represent an immediate cash outlay or sale; shares are typically delivered only as each tranche vests. Such awards indicate company compensation policy but are not the same signal as an insider buying stock on the open market.