STOCK TITAN

[Form 4] Red Cat Holdings, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Geoffrey Hitchcock, Chief Revenue Officer of Red Cat Holdings, Inc. (RCAT), reported changes in his holdings on a Form 4. On 10/01/2025 he was credited with 262,500 restricted stock units (RSUs) that convert one-for-one into common stock; those RSUs reflect the first half of a 525,000 RSU grant originally awarded on 11/24/2024 and vesting in equal installments on 10/01/2025 and 10/01/2026. The filing shows a sale of 89,838 shares at $10.47 each on the same date. After these transactions, the reporting person’s disclosed beneficial ownership of common stock is 204,987 shares (per the filing's corrected counting method, the report notes amended filings will follow).

Geoffrey Hitchcock, Chief Revenue Officer di Red Cat Holdings, Inc. (RCAT), ha riportato cambiamenti nelle sue partecipazioni in un modulo Form 4. Il 01/10/2025 gli sono stati accreditati 262.500 unità azionarie rimanenti (RSU) convertibili one-for-one in azioni comuni; tali RSU riflettono la prima metà di un grant di 525.000 RSU originariamente assegnato il 24/11/2024 e che vanno maturando in rate uguali il 01/10/2025 e il 01/10/2026. La dichiarazione mostra una vendita di 89.838 azioni a $10,47 ciascuna nello stesso giorno. Dopo queste operazioni, la partecipazione beneficiaria dichiarata della persona che riferisce è di 204.987 azioni (secondo il metodo di conteggio corretto della dichiarazione, il rapporto segnala che seguiranno filing correttivi).

Geoffrey Hitchcock, Director de Ingresos de Red Cat Holdings, Inc. (RCAT), informó cambios en sus participaciones en un Formulario 4. El 01/10/2025 le acreditaron 262,500 unidades de acciones restringidas (RSU) que se convertirán uno a uno en acciones comunes; esas RSU reflejan la primera mitad de una adjudicación de 525,000 RSU originalmente otorgada el 24/11/2024 y que vence en cuotas iguales el 01/10/2025 y el 01/10/2026. El registro muestra una venta de 89,838 acciones a $10.47 cada una en la misma fecha. Después de estas transacciones, la participación beneficiaria declarada por la persona informante es de 204,987 acciones (según el método de conteo corregido del informe, el informe señala que seguirán presentaciones enmendadas).

Geoffrey Hitchcock, Red Cat Holdings, Inc. (RCAT)의 최고 수익 책임자(CRO)는 Form 4에 보유 주식의 변경을 보고했다. 2025/10/01에 그는 한 가지로 1:1 변환되는 제한 주식 단위(RSU) 262,500주가 인정되었으며; 이 RSU는 2024년 11월 24일에 처음 부여된 525,000 RSU 보상 중 전반부에 해당하며, 2025/10/012026/10/01에 동등 분할로 vesting된다. 서류에는 같은 날짜에 89,838주를 $10.47씩 매도했다는 내용이 나타난다. 이러한 거래 후 보고자의 공익 보유 주식은 204,987주로 공개되며(보고서의 수정된 계산 방식에 따라, 개정된 제출이 뒤따를 것임이 보고서에 기록되어 있다).

Geoffrey Hitchcock, Chief Revenue Officer de Red Cat Holdings, Inc. (RCAT), a déclaré des changements dans ses avoirs sur un formulaire Form 4. Le 01/10/2025, on lui a attribué 262 500 unités d’actions restreintes (RSU) qui se convertissent en actions ordinaires au titre d’un ratio 1 pour 1; ces RSU reflètent la première moitié d’une attribution de 525 000 RSU initialement accordée le 24/11/2024 et vestent en paliers égaux le 01/10/2025 et le 01/10/2026. Le dépôt montre une vente de 89 838 actions à $10,47 chacune, à la même date. Après ces transactions, la propriété bénéficiaire déclarée de la personne qui déclare est de 204 987 actions (selon la méthode de comptage corrigée du dépôt, le rapport indique que des dépôts amendés suivront).

Geoffrey Hitchcock, Chief Revenue Officer von Red Cat Holdings, Inc. (RCAT), meldete Änderungen an seinen Beständen auf einem Formular 4. Am 01.10.2025 wurden ihm 262.500 eingeschränkte Aktieneinheiten (RSUs) gutgeschrieben, die eins zu eins in Stammaktien umwandelbar sind; diese RSUs spiegeln die erste Hälfte eines ursprünglich am 24.11.2024 gewährten RSU-Belags von 525.000 RSUs wider und vesten in gleichen Raten am 01.10.2025 und 01.10.2026. Die Einreichung zeigt einen Verkauf von 89.838 Aktien zu je $10,47 am gleichen Datum. Nach diesen Transaktionen beträgt die offengelegte wirtschaftliche Eigentümerschaft der meldenden Person an Stammaktien 204.987 Aktien (laut der korrigierten Zählmethode des Berichts wird berichtet, dass berichtigte Einreichungen folgen werden).

Geoffrey Hitchcock، الرئيس التنفيذي للإيرادات في Red Cat Holdings, Inc. (RCAT)، أبلغ عن تغييرات في ممتلكاته في نموذج 4. في 01/10/2025 تم اعتماد 262,500 وحدة أسهم مقيدة (RSUs) تتحول واحد إلى واحد إلى أسهم عادية؛ تعكس هذه RSU النصف الأول من منحة 525,000 RSU مُنحت أصلاً في 24/11/2024 وتترسّخ على أقساط متساوية في 01/10/2025 و 01/10/2026. تُظهر الإيداع بيع 89,838 سهماً مقابل $10.47 لكل سهم في نفس التاريخ. بعد هذه المعاملات، تبلغ الملكية المفصح عنها من قبل الشخص المُبلغ عنها 204,987 سهماً من الأسهم العادية (وفق طريقة العد المعدلة في الإيداع، يشير التقرير إلى أن التقديمات المعدلة ستتبع).

Geoffrey Hitchcock,Red Cat Holdings, Inc. (RCAT) 的首席营收官在 Form 4 上报告了其持股变动。于 2025/10/01,他获发 262,500 份受限股票单位(RSU),可一对一转换为普通股;这些 RSU 代表原于 2024/11/24 授予的 525,000 RSU 的前半部分,预计在 2025/10/012026/10/01 分别以同等份额归属。备案显示在同日出售 89,838 股,每股价格为 $10.47。在这些交易之后,披露人对普通股的受益所有权为 204,987 股(根据备案的修正计数方法,报告称后续将提交更正文件)。

Positive
  • 262,500 RSUs vested on 10/01/2025, converting one-for-one into common stock
  • RSU grant was part of a 525,000 award with clear vesting schedule (10/01/2025 and 10/01/2026)
Negative
  • Sale of 89,838 shares at $10.47 on 10/01/2025 reduced direct holdings to 204,987 shares
  • Filing indicates prior reports aggregated derivatives and shares and will be amended, requiring clarification of historic ownership disclosures

Insights

Insider received RSUs and sold a portion of shares on 10/01/2025.

The report documents a 262,500 RSU vesting event that converts to 262,500 shares one-for-one; this is the first installment of a 525,000 grant dated 11/24/2024. Simultaneously, the filing discloses a sale of 89,838 shares at $10.47 per share on 10/01/2025, reducing the reporting person’s direct share count to 204,987.

These actions are routine compensation realization and liquidity events by an executive; the filing also notes the reporting person will amend prior reports to separate non-derivative and derivative counts.

RSU vesting aligns with scheduled compensation; sale appears to be partial monetization.

The 525,000 RSU award vests in two equal installments on 10/01/2025 and 10/01/2026, with 262,500 units vesting on the first date. The sale of 89,838 shares at $10.47 likely represents partial proceeds from the vesting event or existing holdings being cashed out. No new derivative grants, option exercises, or other compensatory changes are disclosed in this Form 4.

Geoffrey Hitchcock, Chief Revenue Officer di Red Cat Holdings, Inc. (RCAT), ha riportato cambiamenti nelle sue partecipazioni in un modulo Form 4. Il 01/10/2025 gli sono stati accreditati 262.500 unità azionarie rimanenti (RSU) convertibili one-for-one in azioni comuni; tali RSU riflettono la prima metà di un grant di 525.000 RSU originariamente assegnato il 24/11/2024 e che vanno maturando in rate uguali il 01/10/2025 e il 01/10/2026. La dichiarazione mostra una vendita di 89.838 azioni a $10,47 ciascuna nello stesso giorno. Dopo queste operazioni, la partecipazione beneficiaria dichiarata della persona che riferisce è di 204.987 azioni (secondo il metodo di conteggio corretto della dichiarazione, il rapporto segnala che seguiranno filing correttivi).

Geoffrey Hitchcock, Director de Ingresos de Red Cat Holdings, Inc. (RCAT), informó cambios en sus participaciones en un Formulario 4. El 01/10/2025 le acreditaron 262,500 unidades de acciones restringidas (RSU) que se convertirán uno a uno en acciones comunes; esas RSU reflejan la primera mitad de una adjudicación de 525,000 RSU originalmente otorgada el 24/11/2024 y que vence en cuotas iguales el 01/10/2025 y el 01/10/2026. El registro muestra una venta de 89,838 acciones a $10.47 cada una en la misma fecha. Después de estas transacciones, la participación beneficiaria declarada por la persona informante es de 204,987 acciones (según el método de conteo corregido del informe, el informe señala que seguirán presentaciones enmendadas).

Geoffrey Hitchcock, Red Cat Holdings, Inc. (RCAT)의 최고 수익 책임자(CRO)는 Form 4에 보유 주식의 변경을 보고했다. 2025/10/01에 그는 한 가지로 1:1 변환되는 제한 주식 단위(RSU) 262,500주가 인정되었으며; 이 RSU는 2024년 11월 24일에 처음 부여된 525,000 RSU 보상 중 전반부에 해당하며, 2025/10/012026/10/01에 동등 분할로 vesting된다. 서류에는 같은 날짜에 89,838주를 $10.47씩 매도했다는 내용이 나타난다. 이러한 거래 후 보고자의 공익 보유 주식은 204,987주로 공개되며(보고서의 수정된 계산 방식에 따라, 개정된 제출이 뒤따를 것임이 보고서에 기록되어 있다).

Geoffrey Hitchcock, Chief Revenue Officer de Red Cat Holdings, Inc. (RCAT), a déclaré des changements dans ses avoirs sur un formulaire Form 4. Le 01/10/2025, on lui a attribué 262 500 unités d’actions restreintes (RSU) qui se convertissent en actions ordinaires au titre d’un ratio 1 pour 1; ces RSU reflètent la première moitié d’une attribution de 525 000 RSU initialement accordée le 24/11/2024 et vestent en paliers égaux le 01/10/2025 et le 01/10/2026. Le dépôt montre une vente de 89 838 actions à $10,47 chacune, à la même date. Après ces transactions, la propriété bénéficiaire déclarée de la personne qui déclare est de 204 987 actions (selon la méthode de comptage corrigée du dépôt, le rapport indique que des dépôts amendés suivront).

Geoffrey Hitchcock, Chief Revenue Officer von Red Cat Holdings, Inc. (RCAT), meldete Änderungen an seinen Beständen auf einem Formular 4. Am 01.10.2025 wurden ihm 262.500 eingeschränkte Aktieneinheiten (RSUs) gutgeschrieben, die eins zu eins in Stammaktien umwandelbar sind; diese RSUs spiegeln die erste Hälfte eines ursprünglich am 24.11.2024 gewährten RSU-Belags von 525.000 RSUs wider und vesten in gleichen Raten am 01.10.2025 und 01.10.2026. Die Einreichung zeigt einen Verkauf von 89.838 Aktien zu je $10,47 am gleichen Datum. Nach diesen Transaktionen beträgt die offengelegte wirtschaftliche Eigentümerschaft der meldenden Person an Stammaktien 204.987 Aktien (laut der korrigierten Zählmethode des Berichts wird berichtet, dass berichtigte Einreichungen folgen werden).

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hitchcock Geoffrey Wayne

(Last) (First) (Middle)
15 AVENIDA MUNOZ RIVERA
STE 2200

(Street)
SAN JUAN PR 00901

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Red Cat Holdings, Inc. [ RCAT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Revenue Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/01/2025 M 262,500 A (1) 294,825(2) D
Common Stock 10/01/2025 F 89,838 D $10.47 204,987(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 10/01/2025 M 262,500 (3) (3) Common Stock 262,500 $0 262,500 D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.
3. On November 24, 2024, the reporting person was granted 525,000 restricted stock units, vesting in two equal annual installments on October 1, 2025 and October 1, 2026.
/s/ Geoffrey Hitchcock 10/03/2025
** 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 4 (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 did Red Cat (RCAT) insider Geoffrey Hitchcock report on Form 4?

The Form 4 reports that on 10/01/2025 Mr. Hitchcock had 262,500 RSUs vest (one-for-one conversion) and sold 89,838 shares at $10.47 per share.

How many RSUs were originally granted to Geoffrey Hitchcock and when do they vest?

He was granted 525,000 RSUs on 11/24/2024, vesting in two equal installments on 10/01/2025 and 10/01/2026.

What is Geoffrey Hitchcock’s beneficial ownership after the transactions?

The filing reports beneficial ownership of 204,987 shares following the reported transactions, per the corrected counting method noted.

At what price were shares sold and how many were sold?

The Form 4 reports a sale of 89,838 shares at a price of $10.47 per share on 10/01/2025.

Will prior ownership reports be corrected?

Yes. The filing states the reporting person will file one or more amended reports to correct aggregation of non-derivative and derivative securities.
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