Palladyne AI (PDYN) officer lines up 4,636-share tax sale

Rhea-AI Filing Summary

Palladyne AI Corp. (PDYN) reported that officer Trevor Thatcher is associated with the potential sale of 4,636 shares of common stock through Muriel Siebert & Co., LLC under Rule 144. The notice states these transactions relate to a non-discretionary sell-to-cover arrangement to satisfy income tax liabilities from vesting of restricted share unit awards, unless such taxes are paid in cash.

Key Figures

Shares covered by current notice: 4,636 shares of common stock Aggregate market value (current notice): $28,552.46 Shares sold during past 3 months: 4,561 shares of common stock +2 more

5 metrics

Shares covered by current notice 4,636 shares of common stock Securities to be sold for Trevor Thatcher under Rule 144

Aggregate market value (current notice) $28,552.46 Value of 4,636 Palladyne AI Corp. shares listed with broker

Shares sold during past 3 months 4,561 shares of common stock Sales reported for Trevor Thatcher in the last three months

Aggregate value sold during past 3 months $28,022.78 Proceeds from 4,561 shares of Palladyne AI Corp. common stock

Vesting date of RSUs 08/20/2026 Restricted share units vesting that give rise to the shares

Key Terms

Rule 144, sell-to-cover, restricted share unit awards, non-discretionary

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.

sell-to-cover financial

"non-discretionary sell-to-cover arrangement for the purposes of satisfying income tax"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

restricted share unit awards financial

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

non-discretionary financial

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

FAQ

What transaction is disclosed for PDYN officer Trevor Thatcher in this Form 144?

The notice covers up to 4,636 shares of Palladyne AI Corp. common stock for Trevor Thatcher, in connection with a non-discretionary sell-to-cover arrangement tied to restricted share unit vesting and related income tax liabilities.

What is the aggregate value of PDYN shares covered by the new Rule 144 notice?

The notice lists an aggregate market value of $28,552.46 for the 4,636 shares of Palladyne AI Corp. common stock associated with the current Rule 144 entry.

Were any PDYN shares sold by Trevor Thatcher in the past three months?

Yes. Over the past three months, 4,561 shares of Palladyne AI Corp. common stock were sold for an aggregate value of $28,022.78, as reported for Trevor Thatcher.

What is the stated purpose of Trevor Thatcher’s PDYN share sales?

The notice states that the sales were made under an issuer-implemented, non-discretionary sell-to-cover arrangement solely to satisfy income tax liabilities from vesting of restricted share unit awards, unless such taxes are instead paid in cash.

On what date are the PDYN securities in this notice tied to vesting events?

The securities to be sold are linked to restricted share units vesting on 08/20/2026, with the notice indicating the shares arise from these equity compensation vesting events.

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

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Available on EDGAR 08/21/2026 - 07:48 PM Accepted by SEC EDGAR 08/21/2026 - 07:48 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	0002014215
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	Trevor Thatcher
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	4636	28552.46	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.			4636	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
Trevor Thatcher C/O PALLADYNE AI CORP. 650 SOUTH 500 WEST, SUITE 150 SALT LAKE CITY UT 84101	Common Stock	05/21/2026	4561	28022.78

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 Trevor Thatcher
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)