Stephen Sonne, Chief Legal Officer at Palladyne AI Corp. (NASDAQ:PDYN), sold 5,245 shares of common stock on May 21, 2026, for a total of $32,225.
The transaction was a sell-to-cover to address income tax liabilities from vesting restricted stock unit awards. Shares were sold at prices ranging from $6.1201 to $6.2111, with a weighted-average price of $6.144.
The stock closed at $6.21, down nearly 4% over the past week, but up 46% year-to-date. After the sale, Mr. Sonne directly holds 197,490 shares.
According to Bond.az analysis, PDYN currently trades above its Fair Value. The company's Q1 2026 revenue surged 107% year-over-year to $3.5 million, but GAAP net loss was $12.6 million.
