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  4. [144] Red Cat Holdings, Inc. SEC Filing

Red Cat (NASDAQ: RCAT) officer plans 165K-share Nasdaq sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Red Cat Holdings, Inc. (RCAT) was notified that officer Paul Funk filed a Rule 144 notice for a potential sale of 165,028 shares of common stock through Maxim Group LLC on NASDAQ. The shares, with an aggregate market value of $1,898,399.00, were acquired as equity incentive plan compensation on 05/06/2024 and 05/22/2025. The approximate and remarked date of sale is June 11, 2026. Red Cat reports 122,742,361 shares outstanding in this context.

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Shares to be sold 165,028 shares Number of RCAT common shares covered by the Rule 144 notice
Aggregate market value $1,898,399.00 Aggregate market value of the 165,028 shares to be sold
Shares outstanding 122,742,361 shares RCAT common shares outstanding cited in the notice
Planned sale date 06/11/2026 Approximate and remarked date of sale for the Rule 144 transaction
Equity grant 1 7,429 shares Compensation shares acquired 05/22/2025 under Equity Incentive Plan
Equity grant 2 157,599 shares Compensation shares acquired 05/06/2024 under Equity Incentive Plan
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Equity Incentive Plan financial
"Common Stock | 05/22/2025 | Equity Incentive Plan | Issuer"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
aggregate market value financial
"Common Stock | Maxim Group ... | 165028 | 1898399.00"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
attorney-in-fact regulatory
"as attorney-in-fact for Paul Funk"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Rule 144 filing disclose for Red Cat Holdings, Inc. (RCAT)?
The filing discloses that officer Paul Funk intends a Rule 144 sale of up to 165,028 RCAT common shares through Maxim Group LLC on NASDAQ, based on shares previously granted as equity incentive compensation.

How many Red Cat (RCAT) shares are covered by Paul Funk’s planned Rule 144 sale?
The notice covers up to 165,028 shares of RCAT common stock. These shares have an aggregate market value of $1,898,399.00 and were acquired under the company’s Equity Incentive Plan as compensation awards.

When is the planned sale date for Paul Funk’s RCAT shares under Rule 144?
The approximate date of sale is stated as June 11, 2026. A remark further clarifies that the date of sale was June 11, 2026, aligning the planned transaction date under the Rule 144 notice.

How were the Red Cat (RCAT) shares to be sold by Paul Funk originally acquired?
The shares were acquired as compensation under Red Cat’s Equity Incentive Plan. Grants include 7,429 shares dated 05/22/2025 and 157,599 shares dated 05/06/2024, all from the issuer as part of equity awards.

What does the filing say about Red Cat (RCAT) shares outstanding and market value?
The notice lists 122,742,361 RCAT shares outstanding for context. The 165,028 shares covered by the Rule 144 sale have an aggregate market value of $1,898,399.00 at the time referenced in the disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR