It is a great challenge to simultaneously control the size, morphology, and facets of monodispersed Pd nanocrystals under a sub-5 nm regime. Meanwhile, quantitative understanding of the thermodynamic and kinetic parameters to maneuver the shape evolution of nanocrystals in a one-pot system still deserves investigation. Herein, a systematic study of the density functional theory (DFT)-calculated adsorption energy, thermodynamic factors, and reduction kinetics on Pd growth patterns is reported by combining theory and experiments, with a focus on the dispersed state of additives. As pure models, monodispersed Pd tetrahedrons enclosed by (111) facets with a narrow size distribution of 4.9 ± 1 nm and a high purity approaching 98% can be obtained when using 1,1′-binaphthalene (C 20 H 14 ) +2NH 3 as additives. Specifically, laciniate Pd nanourchins (Pd LUs) can evolve via anisotropic growth when replacing additive with dose-consistent 1,1′-binaphthyl-2,2′-diamine (C 20 H 16 N 2 , two NH 2 binding in C 20 H 14 ). Catalytic investigations show that the sub-5 nm Pd tetrahedrons exhibit higher activity in both the oxygen reduction (E onset = 1.025 V, E 1/2 = 0.864 V) and formic acid oxidation reaction with respect to the Pd LUs and Pd black, which represents a great step for the development of well-defined Pd nanocrystals with size in the sub-5 nm regime as non-Pt electrocatalysts.