Form 4: Palladyne AI CFO Trevor Thatcher Sells Shares to Cover Tax Liabilities

Trevor Thatcher, CFO of Palladyne AI Corp., sold 2,623 shares of common stock on May 20, 2025, to cover income tax liabilities related to vesting restricted stock units.

Summary

• On May 20, 2025, Trevor Thatcher, the CFO of Palladyne AI Corp., sold 2,623 shares of the company's common stock.
• The sale was executed to cover income tax liabilities associated with the vesting of restricted stock units.
• The shares were sold at prices ranging from $6.75 to $7.31, with a weighted-average price of $7.2426.
• Following the transaction, Thatcher directly owns 169,097 shares, including shares represented by RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.

Key Dates

Keywords

Form 4, Palladyne AI Corp, Trevor Thatcher, CFO, stock sale, restricted stock units, tax liabilities, PDYN