Red Cat (RCAT) Form 144 Shows Insider Sales and Recent Disposals

Rhea-AI Filing Summary

Red Cat Holdings (RCAT) Form 144 notice shows a proposed sale of 10,000 common shares through Merrill Lynch with an aggregate market value of $100,359.09, scheduled approximately for 08/25/2025. The shares were acquired as a stock bonus on 02/08/2023 from Red Cat Holdings, with payment characterized as compensation. The filing discloses prior sales by the same person within three months: 10,000 shares on 08/20/2025 for $89,300.00 and 16,833 shares on 08/21/2025 for $161,247.00. The filer attests there is no undisclosed material adverse information about the issuer.

Positive

• Full disclosure of proposed sale details including broker, share count, and aggregate market value
• Includes recent sale history for the same person within the past three months, enhancing transparency
• Filer attests there is no undisclosed material adverse information about the issuer

Negative

• Insider sold 36,833 shares in the past three months (10,000 on 08/20/2025, 16,833 on 08/21/2025, and 10,000 proposed on 08/25/2025)
• Proposed sale represents transfer of shares acquired as compensation, which may indicate insider liquidity rather than long-term holding

Insights

Securities Analyst

TL;DR Routine insider sale notice showing recent disposals totaling tens of thousands of shares; no new material disclosures in the filing.

The Form 144 documents a proposed sale of 10,000 common shares by an individual who acquired those shares as a stock bonus on 02/08/2023. The notice provides broker details and prior sale activity in the past three months: sales on 08/20/2025 and 08/21/2025 are reported with gross proceeds. This is a disclosure-driven filing required under Rule 144 and contains no earnings, operational updates, or new company guidance. For investors, the filing is informational about insider liquidity but contains no statements of undisclosed adverse information per the signer’s attestation.

Corporate Governance Expert

TL;DR Standard compliance filing; shows insider sales and a certification about lack of undisclosed material information.

The document meets Rule 144 disclosure requirements by listing the acquisition date (02/08/2023), nature of acquisition (stock bonus), number of shares to be sold (10,000), and recent sale history. It includes the seller’s representation that no material adverse information exists outside public disclosure. There is no indication in this filing of any governance action, trading plan adoption date, or contested disclosure—only the mandatory representation and signature notice regarding false statements.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Merrill Lynch Restricted Securities 1400 American Boulevard Pennington NJ 08534	10000	100359.09	99764256	08/25/2025	NASQ

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	02/08/2023	Stock Bonus	Red Cat Holdings Inc			10000	02/08/2023	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Christopher Moe 124 Taylor Road Portsmouth RI 02871	Red Cat Holdings Inc	08/20/2025	10000	89300.00
Christopher Moe 124 Taylor Road Portsmouth RI 02871	Red Cat Holdings Inc.	08/21/2025	16833	161247.00
Christopher Moe 124 Taylor Road Portsmouth RI 02871	Red Cat Holdings INc.	08/25/2025	10000	100359.09

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for RCAT disclose about the proposed sale?

The filing discloses a proposed sale of 10,000 common shares via Merrill Lynch with an aggregate market value of $100,359.09, approximately on 08/25/2025.

When and how were the shares to be sold acquired?

The 10,000 shares were acquired on 02/08/2023 as a stock bonus from Red Cat Holdings and payment is characterized as compensation.

Has the seller recently sold other RCAT shares?

Yes. The seller reported sales of 10,000 shares on 08/20/2025 for $89,300.00 and 16,833 shares on 08/21/2025 for $161,247.00.

What broker is handling the proposed sale?

The broker listed is Merrill Lynch Restricted Securities at 1400 American Boulevard, Pennington, NJ 08534.

Does the filing state there is any undisclosed material information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.