Red Cat officer plans $1.9M sale of stock

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.

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.

Key Figures

Shares to be sold: 165,028 shares Aggregate market value: $1,898,399.00 Shares outstanding: 122,742,361 shares +3 more

6 metrics

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

Key Terms

Rule 144, Equity Incentive Plan, aggregate market value, attorney-in-fact

4 terms

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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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Available on EDGAR 08/18/2026 - 03:52 PM Accepted by SEC EDGAR 08/18/2026 - 03:52 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002027952
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Red Cat Holdings, Inc.
SEC File Number	001-40202
Address of Issuer	2800 S WEST TEMPLE SUITE 5 SOUTH SALT LAKE UTAH 84115
Phone	833-373-3228
Name of Person for Whose Account the Securities are To Be Sold	Funk Paul II
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Maxim Group 300 Park Ave 16th Floor New York NY 10022	165028	1898399.00	122742361	06/11/2026	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	05/22/2025	Equity Incentive Plan	Issuer			7429	06/11/2026	Compensation
Common Stock	05/06/2024	Equity Incentive Plan	Issuer			157599	06/11/2026	Compensation

* 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

Nothing to Report

144: Remarks and Signature

Remarks	Date of Sale Was June 11, 2026
Date of Notice	08/17/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Dominick Iadicicco, as a duly authorized representative of Maxim Group LLC., as attorney-in-fact for Paul Funk
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)