[144] Red Cat Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 Notice: This filing by a person associated with Red Cat Holdings, Inc. (RCAT) notifies the proposed sale of 30,000 common shares through Merrill Lynch with an aggregate market value of $303,404.87, anticipated on 09/11/2025 on NASQ. The shares were acquired mostly as stock bonuses in 2023 (20,000 on 07/14/2023, 2,963 on 07/14/2023 and 7,037 on 11/01/2023) and were received as compensation. The filer also reported prior sales during the past three months totaling 46,833 shares generating gross proceeds of $440,833.45 across four sales in August and September 2025. The notice includes the mandatory representation that the seller knows of no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider proposing to sell shares after receiving stock-based compensation; prior substantial disposals were recently reported.

The filing shows a planned sale of 30,000 common shares valued at $303,404.87 under Rule 144, with the underlying shares issued as compensation in 2023. The filer disclosed four prior sales in the past three months totaling 46,833 shares and gross proceeds of $440,833.45. From an investor disclosure perspective this is routine compliance with Rule 144. From a market-impact perspective, these are insider-originated sales rather than company-funded buybacks or financing events, which can be perceived as dilutive selling pressure depending on average daily volume. No financial performance, forward guidance, or undisclosed material information is included in the filing.

Corporate Governance Expert

TL;DR: The filing is a standard insider sale notice; it documents compensation issuance and subsequent monetization by the holder.

The document records that the securities were acquired as stock bonuses from Red Cat Holdings Inc. and that the seller affirms no undisclosed material adverse information. The repeated sales in August–September 2025 indicate active disposition of previously granted compensation shares. This is a standard governance disclosure that enhances transparency about insider liquidity but does not itself indicate any corporate governance breach. There is no indication of a 10b5-1 trading plan or other instruction date in the remarks, so the sales appear to be ad-hoc disclosures rather than pre-committed plan-based transactions.

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	30000	303404.87	99764256	09/11/2025	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	07/14/2023	Stock Bonus	Red Cat Holdings Inc.			20000	07/14/2023	Compensation
Common	07/14/2023	Stock Bonus	Red Cat Holdings Inc.			2963	07/14/2023	Compensation
Common	11/01/2023	Stock Bonus	Red Cat Holdings Inc.			7037	11/01/2023	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
Christopher Moe 124 Taylor Road Portsmouth RI 02871	Red Cat Holdings Inc	09/08/2025	10000	89027.36

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 filed by RCAT disclose?

The form discloses a proposed sale of 30,000 common shares valued at $303,404.87, expected on 09/11/2025, and prior sales totaling 46,833 shares in Aug–Sep 2025.

How were the shares being sold acquired according to the filing?

The shares were acquired as stock bonuses from Red Cat Holdings Inc. on 07/14/2023 and 11/01/2023, and were received as compensation.

What broker is named for the proposed sale?

The filing lists Merrill Lynch Restricted Securities (address shown) as the broker for the proposed transaction.

What markets and dates are listed for the proposed sale?

The proposed sale is listed for 09/11/2025 on NASQ.

How much did the filer receive from recent sales?

Gross proceeds from the four reported sales in the past three months sum to $440,833.45.