SONNE STEPHEN 4
4 · Palladyne AI Corp. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Palladyne AI (PDYN) Chief Legal Officer Stephen Sonne Sells 3,471 Shares
What Happened Stephen Sonne, Chief Legal Officer of Palladyne AI (PDYN), sold 3,471 shares on March 30, 2026. The aggregate proceeds were $19,251, reported at a weighted-average price of $5.55 per share. The sale was a sell-to-cover to satisfy income tax withholding obligations related to restricted stock units (RSUs) that vested, not a discretionary open-market divestiture.
Key Details
- Transaction date: March 30, 2026; Form 4 filed March 31, 2026 (timely filing).
- Sale details: 3,471 shares sold; weighted-average price $5.55; individual sale prices ranged from $5.295 to $5.6301.
- Purpose: Shares were sold to cover income taxes upon RSU vesting (sell-to-cover), per the filing — not a discretionary trade by the reporting person.
- RSU impact: 8,995 RSUs settled on March 29, 2026; after selling 3,471 shares for taxes, 5,524 shares from that settlement remained.
- Additional note: The reporting person will provide, upon request, a breakdown of the number of shares sold at each price within the reported range.
Context Sell-to-cover transactions are common when RSUs vest and generally reflect tax withholding rather than a signal about the insider’s view of the company. For retail investors, purchases by insiders can be more informative than routine tax-related sales; this filing documents a tax-withholding sale tied to RSU settlement.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-30$5.55/sh−3,471$19,251→ 202,735 total
Footnotes (3)
- [F1]Represents shares of common stock sold to cover income tax liabilities in connection with the vesting of restricted stock unit awards pursuant to sell-to-cover arrangements implemented by the Issuer, which the Reporting Person may elect to pay in cash, and does not represent discretionary transactions by the Reporting Person.
- [F2]The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $5.295 to $5.6301, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- [F3]Includes shares represented by RSUs, of which 8,995 settled on March 29, 2026 and were then reduced by the 3,471 shares sold for taxes as reported on this Form 4.