Form 4: Palladyne AI CFO Trevor Thatcher Reports Sale of Shares to Cover Tax Obligations

Trevor Thatcher, CFO of Palladyne AI Corp., reported the sale of 10,919 shares of common stock to cover income tax liabilities related to vesting restricted stock units.

Summary

• On March 31, 2025, Trevor Thatcher, the CFO of Palladyne AI Corp., sold 10,919 shares of common stock.
• The sale was executed to cover income tax liabilities associated with the vesting of restricted stock units.
• The shares were sold at a weighted-average price of $5.816, with individual transactions ranging from $5.7702 to $5.861.
• Following the transaction, Thatcher directly owns 171,720 shares of Palladyne AI Corp.
• This includes shares represented by RSUs, of which 25,831 settled on March 29, 2025 and were then reduced by the 10,919 shares sold for taxes as reported on this Form 4 and of which 100 settled on April 1, 2025.

Sentiment

Score: 5

Explanation: Neutral. This is a standard transaction related to executive compensation and tax obligations.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Form 4, Palladyne AI Corp, Trevor Thatcher, CFO, Share Sale, Restricted Stock Units, Tax Liabilities, PDYN