Palladyne AI (PDYN) CFO receives 147,541-share RSU award, holdings reach 324,238

Rhea-AI Filing Summary

THATCHER TREVOR reported acquisition or exercise transactions in this Form 4 filing.

Palladyne AI Corp. reported that Chief Financial Officer Trevor Thatcher received a grant of 147,541 shares of common stock on June 8, 2026, recorded at a grant price of $0.00 per share as a stock award. Following this award, he directly holds 324,238 shares of common stock. A footnote explains that this includes 147,541 restricted stock units (RSUs) that can only be settled in common stock and are split into 10 equal tranches, each tied to a stock price goal and service-based vesting conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider THATCHER TREVOR

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	147,541	$0.00	--

Holdings After Transaction: Common Stock — 324,238 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 147,541 shares Grant price: $0.00 per share Post-transaction holdings: 324,238 shares +1 more

4 metrics

RSU grant size 147,541 shares Restricted stock units granted to CFO on June 8, 2026

Grant price $0.00 per share Recorded transaction price for awarded common stock

Post-transaction holdings 324,238 shares CFO’s direct common stock ownership after the award

RSU tranches 10 tranches RSUs split into equal parts with stock price and service conditions

Key Terms

restricted stock units ("RSUs"), service-based vesting conditions, stock price goal, Grant, award, or other acquisition

4 terms

restricted stock units ("RSUs") financial

"Includes 147,541 restricted stock units ("RSUs"), which can only be settled with shares of common stock."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

service-based vesting conditions financial

"each tied to a stock price goal and service-based vesting conditions."

stock price goal financial

"The RSUs are divided into 10 equally sized tranches, each tied to a stock price goal"

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/08/2026 - 05:09 PM Accepted by SEC EDGAR 06/08/2026 - 05:08 PM Learn about SEC filing dates

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^*

THATCHER TREVOR

(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)

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

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		147,541	A	$0	324,238(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 147,541 restricted stock units ("RSUs"), which can only be settled with shares of common stock. The RSUs are divided into 10 equally sized tranches, each tied to a stock price goal and service-based vesting conditions.

	/s/ Stephen Sonne, attorney-in-fact on behalf of Trevor Thatcher	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 insider transaction did Palladyne AI Corp. (PDYN) report for its CFO?

Palladyne AI Corp. reported that CFO Trevor Thatcher received a grant of 147,541 shares of common stock. The award is recorded at a grant price of $0.00 per share and increases his direct holdings to 324,238 shares after the transaction.

How many Palladyne AI (PDYN) shares does the CFO hold after this Form 4?

After the reported grant, CFO Trevor Thatcher directly holds 324,238 shares of Palladyne AI common stock. This total includes 147,541 restricted stock units that can only be settled in shares, subject to stock price goals and service-based vesting conditions.

What are the terms of the 147,541 RSUs granted to Palladyne AI’s CFO?

The 147,541 restricted stock units granted to Palladyne AI’s CFO can only be settled in common stock. They are divided into 10 equal tranches, each linked to a specific stock price goal and service-based vesting requirements, meaning units vest over time and performance.

Was the Palladyne AI CFO’s Form 4 transaction a purchase or an award?

The transaction was an award, not an open-market purchase. The filing classifies it under code “A” for a grant, award, or other acquisition, with a transaction price of $0.00 per share, reflecting compensation rather than a cash purchase in the market.

Does the Palladyne AI (PDYN) CFO’s grant involve derivative securities or options?

The reported transaction involves common stock and restricted stock units, not options or other derivatives. The derivative summary section is empty, and the footnote specifies RSUs that settle only in shares of common stock, divided into tranches with vesting conditions.