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PALLADYNE AI CORP SEC Filings

PDYNW NASDAQ

The Palladyne AI Corp (PDYN, PDYNW) SEC filings page on Stock Titan provides access to the company’s official disclosures as filed with the U.S. Securities and Exchange Commission. As a Nasdaq‑listed technology issuer with both common stock and redeemable warrants, Palladyne AI uses Forms 10‑K, 10‑Q, 8‑K and related schedules to report its financial condition, risk factors, capital structure and material events.

For this defense and industrial technology company, annual reports on Form 10‑K and quarterly reports on Form 10‑Q are key sources for understanding its embodied AI and autonomy software business, government development contracts, acquisitions such as GuideTech and the Crucis companies, and the performance of its Palladyne Defense and Palladyne Commercial operations. These filings also describe its cash position, warrant liabilities, research and development spending and other financial metrics.

Current reports on Form 8‑K highlight specific developments, including director appointments, warrant‑related disclosures, revenue and liquidity updates, and press releases furnished under Items 2.02 and 7.01. For example, Palladyne AI has filed 8‑Ks regarding new board members, warrant terms for PDYNW and the release of mid‑year financial information.

Investors and analysts can also review filings related to equity incentive plans, inducement awards and executive compensation, which explain stock‑based grants and warrant exercises, as well as any registration statements and prospectus supplements associated with at‑the‑market offerings or other capital raises.

On Stock Titan, these documents are paired with AI‑powered summaries that help interpret lengthy 10‑K and 10‑Q reports, highlight notable items in 8‑Ks and clarify the implications of warrant and equity‑related disclosures for PDYN and PDYNW holders. Real‑time updates from EDGAR ensure that new Palladyne AI filings, including any Form 4 insider transaction reports, become available quickly with plain‑language context.

Rhea-AI Summary

Palladyne AI Corp. investor William Xavier Kerber III filed Amendment No. 4 to his Schedule 13D, reporting beneficial ownership of 2,366,314 shares of common stock, or 5.0% of the company’s outstanding shares. This percentage is based on 47,244,225 shares of common stock disclosed in Palladyne AI’s 10-Q filed on May 5, 2026.

Kerber directly holds 1,916,314 shares and indirectly holds 450,000 shares through three irrevocable trusts where he serves as an advisor, giving him sole voting and dispositive power over the direct holdings and shared power over the trust-held shares. Since the prior amendment, he purchased an additional 10,000 shares for investment and gifted 250,000 shares to the Chi K. Kerber 2026 Irrevocable Trust. He states he has no contracts, arrangements, or understandings regarding Palladyne AI securities beyond these holdings.

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Rhea-AI Summary

Palladyne AI Corp. investor William Xavier Kerber III filed Amendment No. 4 to his Schedule 13D, reporting beneficial ownership of 2,366,314 shares of common stock, or 5.0% of the company’s outstanding shares. This percentage is based on 47,244,225 shares of common stock disclosed in Palladyne AI’s 10-Q filed on May 5, 2026.

Kerber directly holds 1,916,314 shares and indirectly holds 450,000 shares through three irrevocable trusts where he serves as an advisor, giving him sole voting and dispositive power over the direct holdings and shared power over the trust-held shares. Since the prior amendment, he purchased an additional 10,000 shares for investment and gifted 250,000 shares to the Chi K. Kerber 2026 Irrevocable Trust. He states he has no contracts, arrangements, or understandings regarding Palladyne AI securities beyond these holdings.

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Rhea-AI Summary

Palladyne AI Corp. reported sharply higher revenue but a swing back to loss for the quarter ended March 31, 2026. Revenue reached $3.5 million, up from $1.7 million a year earlier, driven by new product and engineering services revenue, including precision machining from its 2025 acquisitions.

The company posted a net loss of $12.6 million versus net income of $22.8 million in the prior-year period, when results benefited from a large non‑cash gain on warrant liabilities. Operating expenses more than doubled to $15.5 million as Palladyne invested in research and development, sales, and integration of acquired businesses.

Cash, cash equivalents and marketable securities totaled $43.7 million, with operating cash outflow of $10.2 million for the quarter. Management notes an accumulated deficit of about $493.4 million but believes existing resources are sufficient for at least the next 12 months while it pursues commercialization of its embodied AI, avionics and UAV offerings.

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Rhea-AI Summary

Palladyne AI Corp. reported sharply higher revenue but a swing back to loss for the quarter ended March 31, 2026. Revenue reached $3.5 million, up from $1.7 million a year earlier, driven by new product and engineering services revenue, including precision machining from its 2025 acquisitions.

The company posted a net loss of $12.6 million versus net income of $22.8 million in the prior-year period, when results benefited from a large non‑cash gain on warrant liabilities. Operating expenses more than doubled to $15.5 million as Palladyne invested in research and development, sales, and integration of acquired businesses.

Cash, cash equivalents and marketable securities totaled $43.7 million, with operating cash outflow of $10.2 million for the quarter. Management notes an accumulated deficit of about $493.4 million but believes existing resources are sufficient for at least the next 12 months while it pursues commercialization of its embodied AI, avionics and UAV offerings.

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Rhea-AI Summary

Palladyne AI reported strong top-line growth in its first quarter as a vertically integrated defense and industrial AI company. Revenue rose 107% year-over-year to $3.5 million, driven by activity across defense programs, commercial deployment and intellectual property development.

Backlog reached about $17 million as of March 31, 2026, including roughly $7 million in new contract awards. The company posted a GAAP net loss of $12.6 million (loss of $0.28 per share) and a non-GAAP net loss of $10.2 million, reflecting higher operating expenses after recent acquisitions and continued investment.

Management reiterated full-year 2026 revenue guidance of $24–$27 million, implying approximately 357%–415% growth over 2025, and expects revenue to be back-end weighted with sequential quarterly increases. Cash, cash equivalents and marketable securities totaled $43.7 million as of March 31, 2026, while first-quarter operating cash usage was about $10.2 million.

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Rhea-AI Summary

Palladyne AI reported strong top-line growth in its first quarter as a vertically integrated defense and industrial AI company. Revenue rose 107% year-over-year to $3.5 million, driven by activity across defense programs, commercial deployment and intellectual property development.

Backlog reached about $17 million as of March 31, 2026, including roughly $7 million in new contract awards. The company posted a GAAP net loss of $12.6 million (loss of $0.28 per share) and a non-GAAP net loss of $10.2 million, reflecting higher operating expenses after recent acquisitions and continued investment.

Management reiterated full-year 2026 revenue guidance of $24–$27 million, implying approximately 357%–415% growth over 2025, and expects revenue to be back-end weighted with sequential quarterly increases. Cash, cash equivalents and marketable securities totaled $43.7 million as of March 31, 2026, while first-quarter operating cash usage was about $10.2 million.

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Palladyne AI Corp. is asking stockholders to vote at its 2026 annual meeting on June 8, 2026 in Salt Lake City. Stockholders will elect one Class II director, ratify KPMG LLP as auditor, add 4,500,000 shares to the 2021 Equity Incentive Plan, and approve restricted stock unit awards for senior executives.

The proxy also outlines Palladyne’s embodied AI and autonomy strategy, its staggered six‑member board structure, director independence, and cash and equity compensation for non‑employee directors.

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Rhea-AI Summary

Palladyne AI Corp. is asking stockholders to vote at its 2026 annual meeting on June 8, 2026 in Salt Lake City. Stockholders will elect one Class II director, ratify KPMG LLP as auditor, add 4,500,000 shares to the 2021 Equity Incentive Plan, and approve restricted stock unit awards for senior executives.

The proxy also outlines Palladyne’s embodied AI and autonomy strategy, its staggered six‑member board structure, director independence, and cash and equity compensation for non‑employee directors.

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Palladyne AI Corp. Chief Financial Officer Trevor Thatcher reported selling 3,030 shares of common stock at a weighted-average price of $5.5463 per share. The sale was made to cover income tax liabilities from vesting restricted stock unit awards under sell-to-cover arrangements and was not a discretionary trade.

According to the filing, 7,078 shares represented by RSUs settled on March 29, 2026 and were reduced by the 3,030 shares sold for taxes. After these transactions, Thatcher directly owns 180,258 shares of Palladyne AI common stock, including shares represented by RSUs.

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Rhea-AI Summary

Palladyne AI Corp. Chief Financial Officer Trevor Thatcher reported selling 3,030 shares of common stock at a weighted-average price of $5.5463 per share. The sale was made to cover income tax liabilities from vesting restricted stock unit awards under sell-to-cover arrangements and was not a discretionary trade.

According to the filing, 7,078 shares represented by RSUs settled on March 29, 2026 and were reduced by the 3,030 shares sold for taxes. After these transactions, Thatcher directly owns 180,258 shares of Palladyne AI common stock, including shares represented by RSUs.

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Palladyne AI Corp. chief technology officer Denis Garagic reported a tax-related share sale linked to vesting stock awards. He sold 15,149 shares of common stock in open-market transactions at a weighted-average price of $5.5463 per share to cover income tax liabilities from restricted stock unit (RSU) vesting under sell-to-cover arrangements, which are described as non-discretionary. These sales occurred across multiple trades between $5.295 and $5.6301 per share. Following the sale and the settlement of 34,601 RSUs on March 29, 2026, Garagic holds 577,135 shares of Palladyne AI common stock, including shares represented by RSUs.

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Rhea-AI Summary

Palladyne AI Corp. chief technology officer Denis Garagic reported a tax-related share sale linked to vesting stock awards. He sold 15,149 shares of common stock in open-market transactions at a weighted-average price of $5.5463 per share to cover income tax liabilities from restricted stock unit (RSU) vesting under sell-to-cover arrangements, which are described as non-discretionary. These sales occurred across multiple trades between $5.295 and $5.6301 per share. Following the sale and the settlement of 34,601 RSUs on March 29, 2026, Garagic holds 577,135 shares of Palladyne AI common stock, including shares represented by RSUs.

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Palladyne AI Corp. reported a Form 144 notice related to Common Stock transactions. The filing shows a proposed sale of 7,649 shares on 03/12/2026 for $57,749.95. The filing also lists Restricted Share Units vesting on 03/29/2026 under equity compensation.

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Palladyne AI Corp. reported a Form 144 notice related to Common Stock transactions. The filing shows a proposed sale of 7,649 shares on 03/12/2026 for $57,749.95. The filing also lists Restricted Share Units vesting on 03/29/2026 under equity compensation.

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Palladyne AI Corp submitted a Form 144 notice to sell 3,471 shares of Common Stock in connection with restricted share units that vested on 03/29/2026. The notice lists broker Muriel Siebert & Co., LLC and reports prior sales of 6,802 shares on 03/12/2026.

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Palladyne AI Corp submitted a Form 144 notice to sell 3,471 shares of Common Stock in connection with restricted share units that vested on 03/29/2026. The notice lists broker Muriel Siebert & Co., LLC and reports prior sales of 6,802 shares on 03/12/2026.

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Palladyne AI Corp. filed a Rule 144 notice reporting 15,149 shares of Common Stock related to restricted share units vesting. The filing also discloses 12,945 shares sold during the past three months and a monetary figure of $97,734.75 tied to those sales. Dates shown include 03/29/2026 (vesting) and 03/30/2026 (filing/issuer data).

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Palladyne AI Corp. filed a Rule 144 notice reporting 15,149 shares of Common Stock related to restricted share units vesting. The filing also discloses 12,945 shares sold during the past three months and a monetary figure of $97,734.75 tied to those sales. Dates shown include 03/29/2026 (vesting) and 03/30/2026 (filing/issuer data).

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Palladyne AI Corp. President and CEO Benjamin G. Wolff purchased 1,000 shares of common stock in an open-market transaction at $5.85 per share on March 27, 2026. After this trade, he directly holds 2,837,401 common shares.

In addition to his direct stake, Wolff has indirect ownership interests. These include 107,526 shares held by the MLC Solo 401k Trust for which he and his spouse serve as co-trustees and he is the sole beneficiary, 383,119 shares held by Mare's Leg Capital, LLC, an entity wholly owned by Wolff and his spouse, and 904 shares held by his spouse.

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Rhea-AI Summary

Palladyne AI Corp. President and CEO Benjamin G. Wolff purchased 1,000 shares of common stock in an open-market transaction at $5.85 per share on March 27, 2026. After this trade, he directly holds 2,837,401 common shares.

In addition to his direct stake, Wolff has indirect ownership interests. These include 107,526 shares held by the MLC Solo 401k Trust for which he and his spouse serve as co-trustees and he is the sole beneficiary, 383,119 shares held by Mare's Leg Capital, LLC, an entity wholly owned by Wolff and his spouse, and 904 shares held by his spouse.

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FAQ

How many PALLADYNE AI (PDYNW) SEC filings are available on StockTitan?

StockTitan tracks 59 SEC filings for PALLADYNE AI (PDYNW), including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and Form 4 insider trading disclosures. Each filing includes AI-generated summaries, impact scoring, and sentiment analysis.

When was the most recent SEC filing for PALLADYNE AI (PDYNW)?

The most recent SEC filing for PALLADYNE AI (PDYNW) was filed on May 14, 2026.