[Form 4] Palladyne AI Corp. Insider Trading Activity

Rhea-AI Filing Summary

Palladyne AI Corp. (PDYN) reported an insider transaction by its Chief Commercial Officer, Kristi Martindale. On 11/21/2025, she sold 6,753 shares of common stock at a weighted-average price of $5.1129 per share.

The sale was made to cover income tax liabilities arising from the vesting of restricted stock units under sell-to-cover arrangements and is described as non-discretionary for the reporting person. After this transaction, she beneficially owned 305,483 shares, including shares represented by RSUs. Of these, 14,991 RSUs settled on November 20, 2025, and were reduced by the 6,753 shares sold for taxes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Martindale Kristi

(Last) (First) (Middle)

C/O PALLADYNE AI CORP.

650 SOUTH 500 WEST, SUITE 150

(Street)

SALT LAKE CITY UT 84101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Palladyne AI Corp. [ PDYN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/21/2025		S(1)		6,753	D	$5.1129(2)	305,483(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. 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 $5.0601 to $5.151, 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.

3. Includes shares represented by RSUs, of which 14,991 settled on November 20 2025, and were then reduced by the 6,753 shares sold for taxes as reported on this Form 4.

	/s/ Trevor Thatcher, attorney-in-fact on behalf of Kristi Martindale	11/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Palladyne AI Corp. (PDYN) report?

The Chief Commercial Officer of Palladyne AI Corp. (PDYN), Kristi Martindale, reported selling 6,753 shares of common stock on 11/21/2025.

At what price were the PDYN shares sold in this Form 4 filing?

The 6,753 shares of PDYN common stock were sold at a weighted-average price of $5.1129 per share, across multiple transactions within a price range of $5.0601 to $5.151.

Why did the Palladyne AI (PDYN) officer sell 6,753 shares?

The shares were sold to cover income tax liabilities related to the vesting of restricted stock unit awards under sell-to-cover arrangements, and are described as not being discretionary transactions by the reporting person.

How many PDYN shares does the reporting person own after the transaction?

Following the reported sale, the officer beneficially owned 305,483 shares of Palladyne AI Corp. common stock, including shares represented by RSUs.

What RSU activity is disclosed in this PDYN Form 4?

The filing states that the holding includes shares represented by RSUs, and that 14,991 RSUs settled on November 20, 2025, then were reduced by the 6,753 shares sold to cover taxes.

Who signed the Form 4 for the Palladyne AI (PDYN) insider?

The Form 4 was signed by /s/ Trevor Thatcher as attorney-in-fact on behalf of Kristi Martindale on 11/21/2025.