Palladyne AI (PDYN) awards 147,541 RSUs to Chief Legal Officer

Rhea-AI Filing Summary

Palladyne AI Corp. reported that its Chief Legal Officer, Stephen Sonne, received an equity award of 147,541 shares of common stock at a price of $0.00 per share, recorded as a grant or award acquisition.

The footnotes explain this includes 147,541 restricted stock units that can only be settled in common shares. These RSUs are divided into 10 equal tranches, each tied to a specific stock price goal and service-based vesting conditions, meaning the shares are earned over time as performance and tenure milestones are met. Following this award, Sonne holds 346,031 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SONNE STEPHEN

Role CHIEF LEGAL OFFICER

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

Holdings After Transaction: Common Stock — 346,031 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 147,541 shares Grant price: $0.00 per share Shares after transaction: 346,031 shares +1 more

4 metrics

RSU grant size 147,541 shares Restricted stock units awarded to Chief Legal Officer

Grant price $0.00 per share Equity grant recorded with no cash paid

Shares after transaction 346,031 shares Stephen Sonne direct holdings following the award

RSU tranches 10 tranches Each tranche tied to stock price and service-based vesting

Key Terms

restricted stock units, RSUs, service-based vesting conditions, stock price goal, +1 more

5 terms

restricted stock units financial

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

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

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.

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 and service-based vesting conditions."

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 - 05:12 PM Accepted by SEC EDGAR 06/08/2026 - 05:11 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^*

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF LEGAL 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	346,031(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	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 (PDYN) report for Stephen Sonne?

Palladyne AI reported that Chief Legal Officer Stephen Sonne received 147,541 shares as an equity grant. The award was recorded at a price of $0.00 per share and increased his direct holdings to 346,031 common shares.

Were the new Palladyne AI (PDYN) shares for Stephen Sonne a market purchase?

No, the 147,541 shares were granted as compensation, not bought on the market. The filing labels the transaction as a grant or award acquisition with a zero dollar price, indicating an equity award rather than an open-market purchase.

How are Stephen Sonne’s 147,541 Palladyne AI (PDYN) RSUs structured?

The 147,541 restricted stock units are split into 10 equal tranches, each linked to a stock price goal and service-based vesting. Shares will be delivered only when both performance and tenure conditions are satisfied, aligning the award with long-term company performance.

How many Palladyne AI (PDYN) shares does Stephen Sonne own after this Form 4?

After the reported grant, Stephen Sonne directly holds 346,031 shares of Palladyne AI common stock. This total includes the newly awarded 147,541 restricted stock units, which settle only in shares once vesting conditions are met.

What does the Form 4 grant mean for Palladyne AI (PDYN) shareholders?

The filing shows Palladyne AI using stock-based compensation to reward its Chief Legal Officer. The 147,541-share RSU grant ties part of his pay to stock price and continued service, aligning incentives with long-term shareholder interests through performance-linked vesting.