Palladyne AI Corp. filed a Form 144 to propose the sale of 9,916 shares of Common Stock on 05/20/2026, tied to Restricted Share Units vesting. The filing lists prior open-market sales by Kristi Martindale: 9,386 shares on 03/12/2026, 6,904 shares on 03/23/2026, and 6,771 shares on 03/30/2026.
The Form 144 identifies the transaction type as Equity Compensation and shows the broker and NASDAQ routing details for the proposed resale. This notice reports a planned disposition of vested equity rather than a corporate action by the company.
Palladyne AI Corp. filed a Form 144 reporting proposed sales of Common Stock under Rule 144. The filing lists restricted share units vesting on 05/20/2026 and discloses recent sales by Trevor Thatcher of 3,030 shares on 03/30/2026 and 7,649 shares on 03/12/2026, with dollar realizations shown as $16,805.29 and $57,749.95 respectively.
Palladyne AI Corp. submitted a Form 144 notice to sell 5,245 shares of Common Stock related to equity compensation (listed as Restricted Share Units Vesting). The filing lists two recent dispositions by Stephen Sonne: 6,802 shares sold on 03/12/2026 and 3,471 shares sold on 03/30/2026.
Palladyne AI Corp. submitted a Form 144 notice to sell 17,176 shares of Common Stock tied to Restricted Share Units vesting on 05/20/2026. The filing lists prior open-market sales by Denis Garagic of 15,149 and 12,945 shares on 03/30/2026 and 03/12/2026, with cash amounts shown in the excerpt.
Palladyne AI Corp. investor William Xavier Kerber III filed Amendment No. 4 to his Schedule 13D, reporting beneficial ownership of 2,366,314 shares of common stock, or 5.0% of the company’s outstanding shares. This percentage is based on 47,244,225 shares of common stock disclosed in Palladyne AI’s 10-Q filed on May 5, 2026.
Kerber directly holds 1,916,314 shares and indirectly holds 450,000 shares through three irrevocable trusts where he serves as an advisor, giving him sole voting and dispositive power over the direct holdings and shared power over the trust-held shares. Since the prior amendment, he purchased an additional 10,000 shares for investment and gifted 250,000 shares to the Chi K. Kerber 2026 Irrevocable Trust. He states he has no contracts, arrangements, or understandings regarding Palladyne AI securities beyond these holdings.
Palladyne AI Corp. reported sharply higher revenue but a swing back to loss for the quarter ended March 31, 2026. Revenue reached $3.5 million, up from $1.7 million a year earlier, driven by new product and engineering services revenue, including precision machining from its 2025 acquisitions.
The company posted a net loss of $12.6 million versus net income of $22.8 million in the prior-year period, when results benefited from a large non‑cash gain on warrant liabilities. Operating expenses more than doubled to $15.5 million as Palladyne invested in research and development, sales, and integration of acquired businesses.
Cash, cash equivalents and marketable securities totaled $43.7 million, with operating cash outflow of $10.2 million for the quarter. Management notes an accumulated deficit of about $493.4 million but believes existing resources are sufficient for at least the next 12 months while it pursues commercialization of its embodied AI, avionics and UAV offerings.
Palladyne AI reported strong top-line growth in its first quarter as a vertically integrated defense and industrial AI company. Revenue rose 107% year-over-year to $3.5 million, driven by activity across defense programs, commercial deployment and intellectual property development.
Backlog reached about $17 million as of March 31, 2026, including roughly $7 million in new contract awards. The company posted a GAAP net loss of $12.6 million (loss of $0.28 per share) and a non-GAAP net loss of $10.2 million, reflecting higher operating expenses after recent acquisitions and continued investment.
Management reiterated full-year 2026 revenue guidance of $24–$27 million, implying approximately 357%–415% growth over 2025, and expects revenue to be back-end weighted with sequential quarterly increases. Cash, cash equivalents and marketable securities totaled $43.7 million as of March 31, 2026, while first-quarter operating cash usage was about $10.2 million.
Palladyne AI Corp. is asking stockholders to vote at its 2026 annual meeting on June 8, 2026 in Salt Lake City. Stockholders will elect one Class II director, ratify KPMG LLP as auditor, add 4,500,000 shares to the 2021 Equity Incentive Plan, and approve restricted stock unit awards for senior executives.
The proxy also outlines Palladyne’s embodied AI and autonomy strategy, its staggered six‑member board structure, director independence, and cash and equity compensation for non‑employee directors.
Palladyne AI Corp. Chief Financial Officer Trevor Thatcher reported selling 3,030 shares of common stock at a weighted-average price of $5.5463 per share. The sale was made to cover income tax liabilities from vesting restricted stock unit awards under sell-to-cover arrangements and was not a discretionary trade.
According to the filing, 7,078 shares represented by RSUs settled on March 29, 2026 and were reduced by the 3,030 shares sold for taxes. After these transactions, Thatcher directly owns 180,258 shares of Palladyne AI common stock, including shares represented by RSUs.
Palladyne AI Corp.'s Chief Legal Officer, Stephen Sonne, reported an open-market sale of 3,471 shares of common stock at a weighted-average price of $5.5463 per share. According to the disclosure, these shares were sold under sell-to-cover arrangements to pay income tax liabilities tied to the vesting of restricted stock unit awards, and are described as non-discretionary. Following the tax-related sale, Sonne holds 202,735 shares directly, including shares represented by RSUs, after 8,995 RSUs settled and were partially reduced by the 3,471 shares sold for taxes.