Red Cat director granted 7,429 RSUs

Red Cat Holdings director Nicholas Reyland Liuzza Jr received a grant of 7,429 restricted stock units on May 22, 2025 as equity compensation.

Rhea-AI Filing Summary

Red Cat Holdings director Nicholas Reyland Liuzza Jr received a grant of 7,429 restricted stock units on May 22, 2025 as equity compensation. Each unit represents a contingent right to receive one share of Red Cat common stock and carries no cash exercise price.

The 7,429 restricted stock units vest on April 30, 2026, aligning the director’s compensation with future company performance. Following this award, his reported holdings from this grant total 7,429 restricted stock units linked to an equal number of underlying common shares.

Insider Trade Summary

Grant/Award: 7,429 shares

Grant/Award 1 txn

Insider Liuzza Nicholas Reyland JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	7,429	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 7,429 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of RCAT common stock.
2. F2. The restricted stock units vest on April 30, 2026.

Key Figures

RSUs granted: 7,429 units Exercise price per RSU: $0.00 Underlying common shares: 7,429 shares +1 more

4 metrics

RSUs granted 7,429 units Restricted stock units granted May 22, 2025

Exercise price per RSU $0.00 Compensation grant, no cash paid

Underlying common shares 7,429 shares Each RSU equals one share of common stock

Vesting date April 30, 2026 RSUs vest on this date

Key Terms

Restricted Stock Units, contingent right, vest, underlying security

4 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

vest financial

"The restricted stock units vest on April 30, 2026."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

underlying security financial

"underlying_security_title: "Common Stock""

FAQ

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

What insider transaction did Red Cat (RCAT) report for Nicholas Reyland Liuzza Jr?

Red Cat reported an equity grant to director Nicholas Reyland Liuzza Jr of 7,429 restricted stock units on May 22, 2025. These units are part of his compensation and represent rights to receive common shares rather than an open-market stock purchase or sale.

How many restricted stock units did the Red Cat (RCAT) director receive?

The director received 7,429 restricted stock units in this Form 4 filing. Each unit corresponds to one share of Red Cat common stock, giving him rights over 7,429 underlying shares once the vesting conditions are satisfied according to the award terms.

When do the new Red Cat (RCAT) restricted stock units vest?

The restricted stock units vest on April 30, 2026, according to the filing footnotes. Vesting means the director must remain eligible through that date to receive the underlying common shares associated with the 7,429 granted units.

Did the Red Cat (RCAT) director pay cash for these 7,429 restricted stock units?

No cash was paid for these restricted stock units; the transaction price per unit is reported as $0.00. This indicates a compensation-related equity award rather than a market purchase, consistent with typical director or executive long-term incentive grants.

How many Red Cat (RCAT) restricted stock units does the director hold after this grant?

After the grant, the director’s reported holdings from this award total 7,429 units. The Form 4 shows 7,429 restricted stock units following the transaction, all tied to an equal number of underlying Red Cat common shares upon vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 05:16 PM EDT Learn about SEC filing dates

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^*

Liuzza Nicholas Reyland JR

(Last) (First) (Middle)

2800 S WEST TEMPLE

SUITE 5

(Street)

SOUTH SALT LAKE UTAH 84115

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2025

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

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

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

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

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)	05/22/2025		A		7,429		(2)	(2)	Common Stock	7,429	$0.00	7,429	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of RCAT common stock.

2. The restricted stock units vest on April 30, 2026.

	/s/ Nicholas R. Liuzza, Jr.	04/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)