THATCHER TREVOR

SEC source: 0002014215-26-000020 · form4-08212026_110816.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 319,602

F1 · kind: 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 · price: 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 · balance_after: 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.

SEC source: 0002014215-26-000016 · form4-06082026_090645.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 324,238

F1 · balance_after: Includes 147,541 restricted stock units ("RSUs"), which can only be settled with shares of common stock. The RSUs are divided into 10 equally sized tranches, each tied to a stock price goal and service-based vesting conditions.

SEC source: 0002014215-26-000014 · form4-06012026_100635.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 176,697

F1 · security: The reporting person is voluntarily reporting the acquisition of shares of the issuer's common stock pursuant to the Palladyne AI Corp. Employee Stock Purchase Plan ("ESPP"), for the ESPP Purchase Period (as defined in the ESPP) of December 1, 2025 through June 1, 2026. This transaction is exempt under Rule 16b-3(c).

F2 · date: The Purchase Period ended June 1, 2026 and is the Purchase Period comprising the Offering Period (as defined in the ESPP) that began December 1, 2025.

F3 · price: In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on December 1, 2025.

SEC source: 0002014215-26-000012 · form4-05222026_010552.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 175,697

F1 · kind: 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 · price: 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 · balance_after: Includes shares represented by RSUs, of which 11,453 settled on May 20, 2026 and were then reduced by the 4,561 shares sold for taxes as reported on this Form 4.

SEC source: 0002014215-26-000008 · form4-03312026_100317.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 180,258

F1 · kind: 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 · price: 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 $5.295 to $5.6301, 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 · balance_after: Includes shares represented by RSUs, of which 7,078 settled on March 29, 2026 and were then reduced by the 3,030 shares sold for taxes as reported on this Form 4.

SEC source: 0002014215-26-000004 · form4-03132026_010340.xml · nonDerivative · entry 2

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 183,288

F2 · kind: 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.

F3 · balance_after: Includes shares represented by RSUs, of which 17,500 settled on March 10, 2026 and were then reduced by the 7,649 shares sold for taxes as reported on this Form 4.

SEC source: 0002014215-26-000004 · form4-03132026_010340.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 190,937

F1 · shares: Represents restricted stock units ("RSUs") granted pursuant to the 2021 Equity Incentive Plan, which can only be settled with shares of common stock. 25% of the award vests on March 10, 2027, and 1/12 of the award vests on each quarterly vesting date thereafter beginning May 20, 2027, subject to continued service through the applicable vesting date.

SEC source: 0002014215-25-000007 · form4-12032025_101209.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 165,937

F1 · security: The reporting person is voluntarily reporting the acquisition of shares of the issuer's common stock pursuant to the Palladyne AI Corp. Employee Stock Purchase Plan ("ESPP"), for the ESPP Purchase Period (as defined in the ESPP) of June 1, 2025 through December 1, 2025. This transaction is exempt under Rule 16b-3(c).

F2 · date: The Purchase Period ended December 1, 2025 and is the Purchase Period comprising the Offering Period (as defined in the ESPP) that began June 1, 2025.

F3 · price: In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on December 1, 2025.

SEC source: 0002014215-25-000005 · form4-11222025_011122.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 164,937

F1 · kind: 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 · price: 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 $5.0601 to $5.151, 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 · balance_after: Includes shares represented by RSUs, of which 7,178 settled on November 20, 2025 and were then reduced by the 2,648 shares sold for taxes as reported on this Form 4.

SEC source: 0001415889-25-022673 · form4-08212025_110854.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 167,585

F1 · kind: 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 · price: 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 $ 7.3901 to $ 7.455, 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 · balance_after: Includes shares represented by RSUs, of which 7,178 settled on August 20, 2025 and were then reduced by the 2,512 shares sold for taxes as reported on this Form 4.

SEC source: 0001415889-25-016343 · form4-06092025_100650.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 170,097

F1 · security: The reporting person is voluntarily reporting the acquisition of shares of the issuer's common stock pursuant to the Palladyne AI Corp. Employee Stock Purchase Plan ("ESPP"), for the ESPP Purchase Period (as defined in the ESPP) of December 1, 2024 through June 1, 2025. This transaction is also exempt under Rule 16b-3(c).

F2 · date: The Purchase Period ended June 1 and is the first of two Purchase Periods comprising the Offering Period (as defined in the ESPP) that began December 1, 2024.

F3 · price: In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on December 2, 2024.

SEC source: 0001415889-25-014291 · form4-05222025_110505.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 169,097

F1 · kind: 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 · price: 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 $6.75 to $7.31, 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 · balance_after: Includes shares represented by RSUs, of which 7,178 settled on May 20, 2025 and were then reduced by the 2,623 shares sold for taxes as reported on this Form 4.

SEC source: 0001415889-25-009657 · form4-04022025_080414.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 171,720

F1 · kind: 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 · price: 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 $5.7702. to $5.861, 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 · balance_after: Includes shares represented by RSUs, of which 25,831 settled on March 29, 2025 and were then reduced by the 10,919 shares sold for taxes as reported on this Form 4 and of which 100 settled on April 1, 2025.

SEC source: 0001415889-25-007722 · form4-03112025_100321.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 182,639

F1 · shares: Represents restricted stock units ("RSUs") granted pursuant to the 2021 Equity Incentive Plan, which can only be settled with shares of common stock. 25% of the award vests on March 10, 2026 and 1/12 of the award vests on each quarterly vesting date thereafter beginning May 20, 2026, subject to continued service through the applicable vesting date.

SEC source: 0001415889-24-027535 · form4-11222024_091150.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 112,639

F1 · kind: In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of restricted stock units, or RSUs.

F2 · balance_after: Includes shares represented by RSUs, of which 929 settled on November 20, 2024 and were then reduced by the 257 shares withheld for taxes as reported on this Form 4.

SEC source: 0001415889-24-021827 · form4-08212024_080843.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 112,896

F1 · kind: In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of restricted stock units, or RSUs.

F2 · balance_after: Includes shares represented by RSUs, of which 929 settled on August 20, 2024 and were then reduced by the 251 shares withheld for taxes as reported on this Form 4.

SEC source: 0001415889-24-013974 · form4-05212024_080559.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,147

F1 · kind: In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of restricted stock units, or RSUs.

F2 · balance_after: Includes shares represented by RSUs, of which 930 settled on May 20, 2024 and were then reduced by the 309 shares withheld for taxes as reported on this Form 4.

SEC source: 0001415889-24-011254 · form4-04192024_100444.xml · derivative · entry 6

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,724

Underlying: Common Stock · 19,724 shares

Expires 2033-03-29

F2 · price: Outstanding options were amended to reduce the exercise price and revise the vesting terms. This amendment was approved by the compensation committee of the Issuer's board of directors and is intended to be exempt pursuant to Rule 16b-3 of the Exchange Act.

F5 · derivative.exercise_date: The option is fully unvested as of the amendment. 25% of the shares subject to the option will vest on March 29, 2025, and then 1/12 of the shares subject to the option vest on each quarterly vesting date thereafter, subject to the Reporting Person's continued service to the Issuer through such date.

SEC source: 0001415889-24-011254 · form4-04192024_100444.xml · derivative · entry 5

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 967

Underlying: Common Stock · 967 shares

Expires 2032-05-20

F2 · price: Outstanding options were amended to reduce the exercise price and revise the vesting terms. This amendment was approved by the compensation committee of the Issuer's board of directors and is intended to be exempt pursuant to Rule 16b-3 of the Exchange Act.

F5 · derivative.exercise_date: The option is fully unvested as of the amendment. 25% of the shares subject to the option will vest on March 29, 2025, and then 1/12 of the shares subject to the option vest on each quarterly vesting date thereafter, subject to the Reporting Person's continued service to the Issuer through such date.

SEC source: 0001415889-24-011254 · form4-04192024_100444.xml · derivative · entry 4

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common Stock · 4,000 shares

Expires 2031-12-15

F2 · price: Outstanding options were amended to reduce the exercise price and revise the vesting terms. This amendment was approved by the compensation committee of the Issuer's board of directors and is intended to be exempt pursuant to Rule 16b-3 of the Exchange Act.

F5 · derivative.exercise_date: The option is fully unvested as of the amendment. 25% of the shares subject to the option will vest on March 29, 2025, and then 1/12 of the shares subject to the option vest on each quarterly vesting date thereafter, subject to the Reporting Person's continued service to the Issuer through such date.

SEC source: 0001415889-24-011254 · form4-04192024_100444.xml · derivative · entry 3

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 19,724 shares

Expires 2033-03-29

F2 · price: Outstanding options were amended to reduce the exercise price and revise the vesting terms. This amendment was approved by the compensation committee of the Issuer's board of directors and is intended to be exempt pursuant to Rule 16b-3 of the Exchange Act.

F4 · derivative.exercise_date: 25% of the shares subject to the option vested on March 29, 2024, and thereafter 1/12 of the shares subject to the option vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.

SEC source: 0001415889-24-011254 · form4-04192024_100444.xml · derivative · entry 2

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 967 shares

Expires 2032-05-20

F2 · price: Outstanding options were amended to reduce the exercise price and revise the vesting terms. This amendment was approved by the compensation committee of the Issuer's board of directors and is intended to be exempt pursuant to Rule 16b-3 of the Exchange Act.

F3 · derivative.exercise_date: 25% of the shares subject to the option vested on May 20, 2023, and thereafter 1/12 of the shares subject to the option vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.

SEC source: 0001415889-24-011254 · form4-04192024_100444.xml · derivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,000 shares

Expires 2031-12-15

F2 · price: Outstanding options were amended to reduce the exercise price and revise the vesting terms. This amendment was approved by the compensation committee of the Issuer's board of directors and is intended to be exempt pursuant to Rule 16b-3 of the Exchange Act.

F1 · derivative.exercise_date: 25% of the shares subject to the option vested on December 13, 2022, and thereafter 1/12 of the shares subject to the option vest on each quarterly vesting date, subject to the Reporting Person's continued service to the Issuer through such date.

SEC source: 0001415889-24-009845 · form4-04022024_090455.xml · nonDerivative · entry 3

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,456

F2 · kind: In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs.

F4 · balance_after: Includes shares represented by RSUs, of which 100 settled on April 1, 2024 and were then reduced by the 30 shares withheld for taxes as reported on this Form 4.

SEC source: 0001415889-24-009845 · form4-04022024_090455.xml · nonDerivative · entry 2

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,486

F2 · kind: In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs.

F3 · balance_after: Includes shares represented by RSUs, of which 3,240 settled on March 29, 2024 and were then reduced by the 1,112 shares withheld for taxes as reported on this Form 4.

SEC source: 0001415889-24-009845 · form4-04022024_090455.xml · nonDerivative · entry 1

THATCHER TREVOR · CIK 0002014215 · CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 114,598

F1 · shares: Represents restricted stock units ("RSUs") granted pursuant to the 2021 Equity Incentive Plan, which can only be settled with shares of common stock. 25% of the award vests on March 29, 2025, and 1/12 of the award vests on each quarterly vesting date thereafter, subject to continued service through the applicable vesting date.