=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-21
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Palladyne AI Corp. (PDYN)
CIK: 0001826681
--- Reporting Owner ---
Name: GARAGIC DENIS
CIK: 0001920634
Role: Officer (CHIEF TECHNOLOGY OFFICER)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-05-21 | Code: S (Open market sale)
Shares: -17,176 | Price: $6.14
Total Value: $105,529.34
Shares Owned After: 559,959 | Ownership: D (Direct)
Footnotes:
[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 $6.1201 to $6.2111, 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 42,100 settled on May 20, 2026 and were then reduced by the 17,176 shares sold for taxes as reported on this Form 4.
--- Footnotes (Complete Index) ---
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 $6.1201 to $6.2111, 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 42,100 settled on May 20, 2026 and were then reduced by the 17,176 shares sold for taxes as reported on this Form 4.
--- Signature ---
/s/ /s/ Stephen Sonne, attorney-in-fact on behalf of Denis Garagic (2026-05-21)
