Denis Garagic, Chief Technology Officer at Palladyne AI Corp. (NASDAQ:PDYN), sold $105,529 worth of company stock, according to a recent SEC filing.
Mr. Garagic disposed of 17,176 common shares at a weighted-average price of $6.144 per share, with prices ranging from $6.1201 to $6.2111.
The sale was to cover income tax liabilities related to vesting restricted stock unit awards, under sell-to-cover arrangements. Post-sale, Mr. Garagic directly holds 559,959 shares.
PDYN stock closed at $6.21, down nearly 4% over the past week. Year-to-date, shares surged 46% but remain 52% below their 52-week high. Bond.az analysis suggests the stock is overvalued.
