Palladyne AI (PDYN) director awarded 15,083 RSUs in stock-based compensation

Rhea-AI Filing Summary

Young Michael T. reported acquisition or exercise transactions in this Form 4 filing.

Palladyne AI Corp. director Michael T. Young received an equity grant of 15,083 shares in the form of restricted stock units (RSUs). The award carries no cash purchase price and reflects stock-based compensation rather than an open‑market share purchase.

Each RSU represents one share of Palladyne AI common stock and will vest on the earlier of the first anniversary of the grant date or the day before the company’s next annual stockholder meeting, as long as Young continues as a service provider through that date. After this grant, he holds 38,202 common shares directly, including the unvested RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Young Michael T.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15,083	$0.00	--

Holdings After Transaction: Common Stock — 38,202 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 15,083 RSUs Grant price: $0.00 per share Post-grant holdings: 38,202 shares +1 more

4 metrics

RSU grant size 15,083 RSUs Equity award to director Michael T. Young

Grant price $0.00 per share RSU award carries no cash purchase price

Post-grant holdings 38,202 shares Direct common stock holdings after the RSU grant

RSU-to-share ratio 1 RSU = 1 share Each RSU represents one Palladyne AI common share

Key Terms

restricted stock units, RSUs, vesting, annual meeting, +1 more

5 terms

restricted stock units financial

"Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

vesting financial

"The RSUs will vest on the earlier of (i) the first anniversary of the date the award is granted"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

annual meeting financial

"or (ii) the day prior to the date of the next annual meeting of the Issuer's stockholders"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

Service Provider financial

"subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date"

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Young Michael T.

(Last) (First) (Middle)

C/O PALLADYNE AI CORP.

650 SOUTH 500 WEST, SUITE 150

(Street)

SALT LAKE CITY UTAH 84101

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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

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

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

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	06/08/2026		A		15,083	A	$0	38,202(1)	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. Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share of common stock of the Issuer. The RSUs will vest on the earlier of (i) the first anniversary of the date the award is granted or (ii) the day prior to the date of the next annual meeting of the Issuer's stockholders following the date the award was granted, in each case, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date.

	/s/ Stephen Sonne, attorney-in-fact on behalf of Michael T. Young	06/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Palladyne AI (PDYN) director Michael T. Young report on this Form 4?

Michael T. Young reported receiving 15,083 restricted stock units (RSUs) of Palladyne AI common stock. The grant was awarded at no cash cost as part of equity compensation, increasing his direct holdings to 38,202 shares, including these unvested RSUs.

Is Michael T. Young buying or being granted Palladyne AI (PDYN) shares?

He is being granted shares, not buying on the market. The Form 4 shows a compensation-related award of 15,083 RSUs at a stated price of $0.00 per share, reflecting stock-based pay rather than an investor-style purchase.

How many Palladyne AI (PDYN) shares does Michael T. Young hold after this grant?

After the RSU grant, Michael T. Young directly holds 38,202 shares of Palladyne AI common stock. This total includes the 15,083 restricted stock units reported, which will convert into shares only as they vest under the award’s terms.

When do Michael T. Young’s 15,083 Palladyne AI RSUs vest?

The 15,083 RSUs vest on the earlier of the first anniversary of the grant date or the day before Palladyne AI’s next annual stockholder meeting. Vesting requires that Young continue serving as a service provider through whichever applicable vesting date occurs.

What are RSUs in the context of this Palladyne AI (PDYN) Form 4 filing?

RSUs, or restricted stock units, are rights to receive company shares in the future once vesting conditions are met. Here, each of the 15,083 RSUs equals one Palladyne AI common share, subject to Young’s continued service until the specified vesting date.