Palladyne AI CFO sells shares for tax cover
Palladyne AI Corp. Chief Financial Officer Trevor Thatcher reported an open-market sale of 4,561 shares of common stock at a weighted-average price of $6.144 per share.
Rhea-AI Filing Summary
Palladyne AI Corp. Chief Financial Officer Trevor Thatcher reported an open-market sale of 4,561 shares of common stock at a weighted-average price of $6.144 per share. According to the disclosure, these shares were sold solely to cover income tax liabilities arising from the vesting of restricted stock unit (RSU) awards under sell-to-cover arrangements and are not discretionary trades.
The shares were sold in multiple transactions at prices ranging from $6.1201 to $6.2111. Following these tax-related sales, Thatcher beneficially owns 175,697 shares, which include RSUs, after 11,453 RSUs settled on May 20, 2026 and were partially reduced by the 4,561 shares sold for taxes.
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Insider Trade Summary
Net Seller: 4,561 shares
Net Sell
1 txn
Insider
THATCHER TREVOR
Role
CHIEF FINANCIAL OFFICER
Sold
4,561 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,561 | $6.144 | $28K |
Holdings After Transaction:
Common Stock — 175,697 shares (Direct)
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.
Key Figures
Shares sold: 4,561 shares
Weighted-average sale price: $6.144 per share
Sale price range: $6.1201–$6.2111
+2 more
5 metrics
Shares sold
4,561 shares
Open-market sale on May 21, 2026 to cover taxes
Weighted-average sale price
<money>$6.144</money> per share
Aggregate price for 4,561 shares sold
Sale price range
<money>$6.1201</money>–<money>$6.2111</money>
Multiple transactions within this range
Shares owned after transaction
175,697 shares
Total beneficial ownership after tax-related sale
RSUs settled
11,453 RSUs
Settled on May 20, 2026 before tax sale reduction
Key Terms
restricted stock unit, sell-to-cover arrangements, weighted-average price, beneficially owns
4 terms
restricted stock unit financial
"Includes shares represented by RSUs, of which 11,453 settled on May 20, 2026"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell-to-cover arrangements financial
"sold to cover income tax liabilities in connection with the vesting of restricted stock unit awards pursuant to sell-to-cover arrangements"
weighted-average price financial
"The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
beneficially owns financial
"Includes shares represented by RSUs, of which 11,453 settled on May 20, 2026"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Palladyne AI (PDYN) report for its CFO?
Palladyne AI’s CFO Trevor Thatcher reported selling 4,561 common shares. The filing explains the sale was to cover income tax liabilities from RSU vesting under sell-to-cover arrangements, meaning it was a tax-driven, non-discretionary transaction rather than a voluntary portfolio change.
What RSU activity did the Palladyne AI (PDYN) Form 4 disclose for the CFO?
The filing notes that 11,453 restricted stock units settled on May 20, 2026. From these vested RSUs, 4,561 shares were then sold to cover associated income tax liabilities, and the remaining shares contributed to the CFO’s total post-transaction beneficial ownership of 175,697 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
