Form 4: Palladyne AI Legal Officer Sells Shares for Tax

Palladyne AI Corp.'s Chief Legal Officer, Stephen Sonne, sold 3,411 shares of common stock to cover tax liabilities related to restricted stock unit vesting.

Summary

• Stephen Sonne, Chief Legal Officer of Palladyne AI Corp. (PDYN), reported a transaction on November 21, 2025.
• The transaction involved the sale of 3,411 shares of common stock.
• The shares were sold at a weighted-average price of $5.1129 per share, with prices ranging from $5.0601 to $5.151.
• This sale was a 'sell-to-cover' arrangement to satisfy income tax liabilities associated with the vesting of restricted stock unit (RSU) awards.
• The transaction was not a discretionary sale by Mr. Sonne.
• Following this transaction, Mr. Sonne beneficially owns 187,008 shares of common stock.
• The reported shares include those from RSUs, of which 8,995 settled on November 20, 2025, and were subsequently reduced by the 3,411 shares sold for taxes.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary 'sell-to-cover' transaction by an insider to satisfy tax obligations, which is a neutral event and does not indicate a change in company fundamentals or insider sentiment.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction, specifically a 'sell-to-cover' sale, which is a common practice for executives to satisfy tax obligations upon the vesting of restricted stock units. It does not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal impact on shareholders as this is a non-discretionary transaction to cover tax liabilities, a common practice for executive compensation.

Key Dates

Keywords

Palladyne AI Corp, PDYN, Stephen Sonne, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Liabilities, Sell-to-Cover