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Palladyne AI (NASDAQ: PDYN) CLO sells shares to cover RSU taxes

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Palladyne AI Corp. (PDYN) reported that Chief Legal Officer Stephen Sonne sold 5,341 shares of common stock on August 21, 2026 at a weighted-average price of $6.1589 per share. The sale was made to cover income tax liabilities from the vesting of restricted stock units under sell-to-cover arrangements and is described as non-discretionary. Following these transactions, Sonne held 340,690 shares, including RSUs; 12,856 RSUs had settled on August 20, 2026 and were reduced by the 5,341 shares sold for taxes.

Positive

  • None.

Negative

  • None.
Insider SONNE STEPHEN
Role CHIEF LEGAL OFFICER
Sold 5,341 shs ($33K)
Type Security Shares Price Value
Sale Common Stock F1, F2, F3 5,341 $6.1589 $33K
Holdings After Transaction: Common Stock — 340,690 shares (Direct)
Footnotes (3)
  1. 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.
  2. 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 $6.2101, 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. F3. Includes shares represented by RSUs, of which 12,856 settled on August 20, 2026 and were then reduced by the 5,341 shares sold for taxes as reported on this Form 4.
Shares sold 5,341 shares of Common Stock Sale on August 21, 2026 to cover income tax liabilities from RSU vesting
Weighted-average sale price $6.1589 per share Aggregate weighted-average price for 5,341 shares sold on August 21, 2026
Sale price range $6.1201 to $6.2101 per share Multiple transactions comprising the 5,341-share sale
Shares held after transaction 340,690 shares Total holdings of Stephen Sonne following the reported sale
RSUs settled 12,856 RSUs RSUs that settled on August 20, 2026 before reduction for tax-related sale
Net shares sold 5,341 shares Net sell direction in transaction summary
restricted stock unit financial
"in connection with the vesting of restricted stock unit awards pursuant"
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
"in connection with the vesting of restricted stock unit awards pursuant to sell-to-cover arrangements"
weighted-average price financial
"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

What insider transaction did PDYN report for Stephen Sonne on August 21, 2026?
Palladyne AI Corp. reported that Chief Legal Officer Stephen Sonne sold 5,341 shares of common stock on August 21, 2026 at a weighted-average price of $6.1589 per share in connection with RSU vesting-related tax obligations.

Was the August 21, 2026 PDYN stock sale by Stephen Sonne discretionary?
No. The filing states the 5,341-share sale was to cover income tax liabilities arising from RSU vesting under sell-to-cover arrangements and "does not represent discretionary transactions" by Chief Legal Officer Stephen Sonne.

How many PDYN shares does Stephen Sonne hold after the reported sale?
After the August 21, 2026 sale, Chief Legal Officer Stephen Sonne held 340,690 shares of Palladyne AI Corp. common stock, including shares represented by RSUs, as disclosed in the Form 4.

What price range applied to the PDYN shares sold by Stephen Sonne?
The 5,341 PDYN shares sold by Chief Legal Officer Stephen Sonne were executed in multiple transactions at prices ranging from $6.1201 to $6.2101 per share, with a weighted-average sale price of $6.1589 per share.

How many RSUs vested for Stephen Sonne at PDYN in August 2026?
The filing states that 12,856 RSUs settled on August 20, 2026 for Chief Legal Officer Stephen Sonne, and that position was then reduced by the 5,341 shares sold to cover taxes.

Does the August 21, 2026 Form 4 indicate any derivative transactions for PDYN?
No. The Form 4 reports only a non-derivative common stock sale of 5,341 shares for tax-related purposes; the derivative transaction count in the summary is zero.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
SONNE STEPHEN
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CHIEF LEGAL OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/21/2026S(1)5,341D$6.1589(2)340,690(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $6.1201 to $6.2101, 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 12,856 settled on August 20, 2026 and were then reduced by the 5,341 shares sold for taxes as reported on this Form 4.
/s/ Stephen Sonne08/21/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR