Palladyne AI CLO covers RSU taxes via share sale
Palladyne AI Corp. chief legal officer Stephen Sonne reported an open-market sale of 5,245 shares of common stock on May 21, 2026 at a weighted-average price of $6.144 per share.
Rhea-AI Filing Summary
Palladyne AI Corp. chief legal officer Stephen Sonne reported an open-market sale of 5,245 shares of common stock on May 21, 2026 at a weighted-average price of $6.144 per share. The company states these shares were sold under sell-to-cover arrangements to satisfy income tax liabilities from restricted stock unit vesting and do not represent discretionary trading decisions.
A footnote explains that 12,856 shares represented by RSUs settled on May 20, 2026 and were reduced by the 5,245 shares sold for taxes. Following the transaction, Sonne directly holds 197,490 shares of Palladyne AI common stock.
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Insider Trade Summary
Net Seller: 5,245 shares
Net Sell
1 txn
Insider
SONNE STEPHEN
Role
CHIEF LEGAL OFFICER
Sold
5,245 shs ($32K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,245 | $6.144 | $32K |
Holdings After Transaction:
Common Stock — 197,490 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 12,856 settled on May 20, 2026 and were then reduced by the 5,245 shares sold for taxes as reported on this Form 4.
Key Figures
Shares sold: 5,245 shares
Weighted-average sale price: $6.144 per share
Post-transaction holdings: 197,490 shares
+2 more
5 metrics
Shares sold
5,245 shares
Open-market sale on May 21, 2026 to cover RSU taxes
Weighted-average sale price
$6.144 per share
Common stock sale on May 21, 2026
Post-transaction holdings
197,490 shares
Shares directly held after the reported sale
RSUs settled
12,856 shares
Restricted stock units settled on May 20, 2026
Sale price range
$6.1201–$6.2111 per share
Multiple transactions aggregated into reported weighted-average price
Key Terms
sell-to-cover arrangements, restricted stock unit awards, weighted-average price
3 terms
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"
restricted stock unit awards financial
"income tax liabilities in connection with the vesting of restricted stock unit awards pursuant to sell-to-cover arrangements"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
weighted-average price financial
"The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Palladyne AI (PDYN) report for Stephen Sonne?
Palladyne AI’s chief legal officer, Stephen Sonne, reported selling 5,245 shares of common stock. The shares were sold in an open-market transaction tied to tax obligations from restricted stock unit vesting, rather than a discretionary decision to trade the stock.
What RSU activity for Palladyne AI (PDYN) did the Form 4 disclose for Stephen Sonne?
The Form 4 notes that 12,856 shares represented by restricted stock units settled on May 20, 2026. From this settlement, 5,245 shares were subsequently sold to cover associated income tax liabilities, illustrating how equity compensation can trigger automatic tax-related share dispositions.
How does the Palladyne AI (PDYN) filing describe the nature of Stephen Sonne’s sale?
The filing describes the sale as part of sell-to-cover arrangements to satisfy income tax liabilities on RSU vesting and explicitly states it does not represent discretionary transactions by the reporting person. This characterizes the activity as routine compensation-related tax management rather than elective stock trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
