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

Chief Revenue Officer Matthew Vogt of Palladyne AI Corp. reports selling 538 shares of common stock to cover income tax liabilities related to vesting restricted stock units.

Summary

• On March 31, 2025, Matthew Vogt, Chief Revenue Officer of Palladyne AI Corp., sold 538 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 $5.7702 to $5.861, with a weighted-average price of $5.816.
• Following the transaction, Vogt beneficially owns 166,385 shares of Palladyne AI Corp.
• The reported transactions were not discretionary but were part of a sell-to-cover arrangement implemented by the Issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider transaction for tax purposes, indicating a neutral sentiment.

Industry Context

This is a routine disclosure related to insider transactions, specifically the sale of shares to cover tax obligations. Such transactions are common and do not necessarily indicate a change in the executive's confidence in the company.

Key Dates

Keywords

Form 4, Palladyne AI Corp, Matthew Vogt, PDYN, insider trading, stock sale, restricted stock units, tax liabilities, sell-to-cover