Palladyne AI officer to sell $106K in stock

Palladyne AI Corp. (PDYN) reported that officer Denis Garagic filed a notice to sell company common stock under Rule 144.

Rhea-AI Filing Summary

Palladyne AI Corp. (PDYN) reported that officer Denis Garagic filed a notice to sell company common stock under Rule 144. The notice covers 17,255 shares of common stock with an aggregate market value of $106,271.08, with a stated sale date of August 21, 2026 on Nasdaq. Over the prior three months, Garagic sold 17,176 shares for $105,529.34 on May 21, 2026. The filing states that these sales are pursuant to an issuer-implemented, non-discretionary sell-to-cover arrangement intended to satisfy income tax liabilities arising from the vesting of restricted share unit awards, unless such tax liabilities are instead paid in cash.

Key Figures

Shares to be sold: 17,255 shares of common stock Aggregate market value (planned sale): $106,271.08 Planned sale date: 08/21/2026 +3 more

6 metrics

Shares to be sold 17,255 shares of common stock Number of Palladyne AI Corp. shares covered by the Rule 144 notice

Aggregate market value (planned sale) $106,271.08 Aggregate market value of the 17,255 shares to be sold

Planned sale date 08/21/2026 Indicated date of sale for the shares covered by the notice

Shares sold in prior 3 months 17,176 shares of common stock Shares sold on 05/21/2026 during the preceding three months

Aggregate value of prior sale $105,529.34 Aggregate market value of the 17,176 shares sold on 05/21/2026

Equity compensation vesting date 08/20/2026 Date tied to restricted share units vesting that underlies the planned sale

Key Terms

Rule 144, restricted share units, non-discretionary sell-to-cover arrangement, Equity Compensation

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

restricted share units financial

"income tax liabilities incurred upon vesting of restricted share unit awards only"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

non-discretionary sell-to-cover arrangement financial

"pursuant to an Issuer-implemented, non-discretionary sell-to-cover arrangement"

Equity Compensation financial

"08/20/2026 | Equity Compensation"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Palladyne AI Corp. (PDYN) disclosing in this Form 144 filing?

Palladyne AI Corp. discloses that officer Denis Garagic filed a Rule 144 notice to sell 17,255 shares of common stock, with an aggregate market value of $106,271.08, in a transaction associated with equity compensation tax withholding.

How many PDYN shares does Denis Garagic plan to sell under this notice?

The notice covers 17,255 shares of Palladyne AI Corp. common stock, with an aggregate market value listed as $106,271.08 and an indicated sale date of August 21, 2026 on Nasdaq.

What PDYN stock sales has Denis Garagic made in the past three months?

In the past three months, Denis Garagic sold 17,176 shares of Palladyne AI Corp. common stock on May 21, 2026 for an aggregate value of $105,529.34, as reported in the Form 144.

Why is Denis Garagic selling Palladyne AI Corp. (PDYN) shares?

The filing states that the securities are sold under an issuer-implemented, non-discretionary sell-to-cover arrangement to satisfy income tax liabilities incurred upon vesting of restricted share unit awards, unless those tax liabilities are paid in cash.

What type of PDYN securities are involved in this Form 144?

The Form 144 relates to common stock of Palladyne AI Corp., arising from restricted share units vesting under equity compensation, and indicates sales through Muriel Siebert & Co., LLC on Nasdaq.

Who signed the Form 144 for Palladyne AI Corp. related to PDYN shares?

The notice is signed /s/ Stephen Sonne as attorney-in-fact on behalf of Denis Garagic, with a date of notice of August 21, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/21/2026 - 07:45 PM Accepted by SEC EDGAR 08/21/2026 - 07:45 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001920634
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PALLADYNE AI CORP.
SEC File Number	001-39897
Address of Issuer	650 SOUTH 500 WEST SUITE 150 SALT LAKE CITY UTAH 84101
Phone	(888) 927-7296
Name of Person for Whose Account the Securities are To Be Sold	DENIS GARAGIC
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Muriel Siebert & Co., LLC 653 Collins Ave Miami Beach FL 33139	17255	106271.08	49338510	08/21/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	08/20/2026	Restricted Share Units Vesting - See Remarks	Palladyne AI Corp.			17255	08/20/2026	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Denis Garagic C/O PALLADYNE AI CORP. 650 SOUTH 500 WEST, SUITE 150 SALT LAKE CITY UT 84101	Common Stock	05/21/2026	17176	105529.34

144: Remarks and Signature

Remarks	The reporting person sold the securities reported herein pursuant to an Issuer-implemented, non-discretionary sell-to-cover arrangement for the purposes of satisfying income tax liabilities incurred upon vesting of restricted share unit awards only, unless the reporting person elects to pay such tax liabilities in cash.
Date of Notice	08/21/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Stephen Sonne, attorney-in-fact on behalf of Denis Garagic
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)