=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-21
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Palladyne AI Corp. (PDYN)
CIK: 0001826681
--- Reporting Owner ---
Name: THATCHER TREVOR
CIK: 0002014215
Role: Officer (CHIEF FINANCIAL OFFICER)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-08-21 | Code: S (Open market sale)
Shares: -4,636 | Price: $6.16
Total Value: $28,552.66
Shares Owned After: 319,602 | 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 $6.2101, 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 11,428 settled on August 20, 2026 and were then reduced by the 4,636 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 $6.2101, 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 11,428 settled on August 20, 2026 and were then reduced by the 4,636 shares sold for taxes as reported on this Form 4.
--- Signature ---
/s/ /s/ Stephen Sonne, attorney-in-fact on behalf of Trevor Thatcher (2026-08-21)
