Palladyne AI (PDYN) CFO Trevor Thatcher Sells 4,636 Shares

What Happened
Trevor Thatcher, Chief Financial Officer of Palladyne AI Corp. (PDYN), disposed of 4,636 shares on August 21, 2026 in an open-market/private sale for total proceeds of approximately $28,553 (weighted‑average price $6.16). The sale was a sell-to-cover tax withholding tied to restricted stock units (RSUs) that settled the prior day, not a discretionary cash‑out trade.

Key Details

• Transaction date: August 21, 2026. RSUs settled August 20, 2026.
• Shares sold: 4,636; weighted-average price: $6.16; aggregate proceeds ≈ $28,553. Individual sale prices ranged $6.1201–$6.2101. (Reporting person can provide per-price breakdown on request.)
• Reason: Shares sold to cover income tax liabilities from RSU vesting (sell-to-cover). This is a routine withholding method, not a discretionary sale.
• RSU details: 11,428 RSUs settled on August 20, 2026; after withholding/sale of 4,636 shares, 6,792 shares remained from that settlement.
• Shares owned after transaction: total insider holdings not fully disclosed on this Form 4; net shares retained from the RSU settlement = 6,792.
• Filing timeliness: Reported on August 21, 2026 (no late-filing indicator provided).

Context
Sell-to-cover transactions are common when RSUs vest: the company or broker sells enough shares to cover required tax withholdings and the insider receives the remaining shares or cash. Such transactions generally reflect tax obligations rather than a deliberate decision to reduce an insider’s position.