Form 4: Palladyne AI Corp. Executive Matthew Vogt Reports Sale of Shares to Cover Tax Obligations

Matthew Vogt, Chief Revenue Officer of Palladyne AI Corp., reported the sale of 14,938 shares of common stock to cover income tax liabilities related to vesting restricted stock units.

Summary

• On February 24, 2025, Matthew Vogt, the Chief Revenue Officer of Palladyne AI Corp., sold 14,938 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 prices ranging from $6.43 to $7.36, with a weighted-average price of $7.0296.
• Following the transaction, Vogt beneficially owns 96,923 shares of Palladyne AI Corp.
• This includes shares represented by RSUs, of which 25,000 settled on February 23, 2025, and were then reduced by the 14,938 shares sold for taxes.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine disclosure related to executive stock transactions and is common for publicly traded companies. It does not necessarily indicate a change in the company's outlook or performance.

Key Dates