Red Cat Holdings (RCAT) CFO files insider report showing no share ownership

Rhea-AI Filing Summary

Red Cat Holdings, Inc. disclosed an initial ownership report for its Chief Financial Officer, who is identified as an officer and sole reporting person. The report states that, at the time of the reportable event on 12/02/2025, the reporting person beneficially owned no securities of Red Cat Holdings. The document explains that the submission was made after the required period due to an administrative delay in receiving EDGAR filing credentials from the SEC during a high volume of submissions, and that the reporting person sought those credentials promptly and submitted the form promptly upon receiving them.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Morrison Christian Spenst

(Last) (First) (Middle)

15 AVENIDA MUNOZ RIVERA

STE 2200

(Street)

SAN JUAN PR 00901

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/02/2025

3. Issuer Name and Ticker or Trading Symbol
Red Cat Holdings, Inc. [ RCAT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24.1 - Power of Attorney. This Form 3 is being filed outside the required filing period due solely to an administrative delay in the reporting persons receipt of EDGAR filing credentials from the SEC which was due to a high volume of submissions at the time. The reporting person undertook the steps necessary to obtain such credentials promptly following the reportable transaction but did not receive them in time to make a timely filing. This Form 3 has been submitted promptly upon receipt of the required EDGAR filing credentials.

No securities are beneficially owned.

	/s/ Christian Morrison	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Red Cat Holdings (RCAT) disclose about its CFO's share ownership?

The filing states that the Chief Financial Officer, as the reporting person, beneficially owned no securities of Red Cat Holdings, Inc. as of the reported event.

What is the role of the reporting person in Red Cat Holdings (RCAT)?

The reporting person is an officer of Red Cat Holdings, Inc., serving as the company’s Chief Financial Officer.

What is the event date covered by this Red Cat Holdings (RCAT) insider filing?

The date of the event requiring the statement is listed as 12/02/2025.

Why was this Red Cat Holdings (RCAT) insider ownership form submitted late?

The document explains that it was filed outside the required period due solely to an administrative delay in the reporting person receiving EDGAR filing credentials from the SEC during a time of high submission volume.

What steps did the Red Cat Holdings (RCAT) reporting person take regarding the delayed filing?

The reporting person undertook the steps necessary to obtain EDGAR credentials promptly after the reportable transaction and submitted the form promptly upon receiving those credentials.

Is there any indication of joint filing in this Red Cat Holdings (RCAT) ownership report?

No. The form indicates it is filed by one reporting person, not by more than one reporting person.