Insider sale details
Palladyne AI Corp. (NASDAQ: PDYN) reported that Chief Technology Officer Denis Garagic sold 15,149 shares of the company’s common stock on March 30, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The transaction generated $84,020 at a weighted average sale price of $5.5463 per share. The individual sale prices for the shares ranged from $5.295 to $5.6301.
The filing states the disposition was executed to cover income tax liabilities arising from the vesting of restricted stock unit awards. After the transaction, Garagic’s direct ownership stands at 577,135 shares, a total that includes shares represented by RSUs.
Market context and price action
At the time of reporting, Palladyne AI’s common stock is trading at $6.07, which is above the weighted average price at which Garagic sold shares but remains well below the company’s 52-week high of $13. The stock has experienced material swings in value, falling 29% over the past six months despite posting a 43% gain year-to-date.
Independent analysis cited in the filing environment notes that InvestingPro considers Palladyne AI to be trading above its Fair Value. That assessment is presented alongside a broader Pro Research offering that covers over 1,400 U.S. equities, although the filing does not elaborate further on model specifics or assumptions behind the Fair Value estimate.
Recent corporate performance and contracts
Palladyne AI disclosed notable operational developments for Q4 2025, reporting a 118% increase in revenue compared with the prior year. The company attributed that jump in top-line sales largely to acquisitions. Despite the revenue expansion, Palladyne recorded an operating loss for the quarter.
On the defense front, the company’s subsidiary GuideTech won a contract from the U.S. Navy to develop an air-launched missile described as the Air-Launched Rapid Response Missile. The program intends to field a weapon capable of delivering a 150-pound warhead with a sustained cruise speed beyond Mach 4.0.
Separately, Palladyne and Draganfly Inc. announced successful integration testing between Palladyne’s SwarmOS software platform and Draganfly’s drone components, a step the companies characterize as progress toward autonomous swarm capabilities for U.S. defense applications.
What the filing shows and what remains unchanged
The Form 4 confirms the timing, quantities, and price range for the insider sale and documents the stated reason for the transaction as tax-covering related to RSU vesting. The filing also updates the insider’s retained ownership figure. Beyond those items, the filing does not indicate any additional trades, planned sales, or other insider activity.
Summary takeaway
The transaction represents a routine insider disposition tied to compensation tax obligations amid a period of substantial company-level activity: accelerated revenue driven by acquisitions, an operating loss, a defense contract for a high-speed air-launched missile through GuideTech, and progress on swarm autonomy integration with Draganfly. The company’s share price has been volatile and InvestingPro flags the stock as above Fair Value, according to the referenced analysis.