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

Rhea-AI Filing Summary

Christopher R. Moe, a director of Red Cat Holdings, Inc. (RCAT), reported a sale of common stock. On 09/29/2025 he disposed of 10,000 shares at a weighted-average price of $10.91 per share (transactions ranged from $10.57 to $11.03). After the sale he beneficially owned 53,073 shares, reported as direct ownership. The Form 4 was signed on 09/30/2025 and includes an explanatory footnote offering to provide transaction-level price details on request.

Positive

• Timely disclosure of the insider transaction via a signed Form 4 filed on 09/30/2025
• Transparent pricing disclosure including a weighted-average price and an offer to provide per-transaction price details

Negative

• Insider sale reported: Christopher R. Moe disposed of 10,000 shares on 09/29/2025
• Reduction in direct holdings: Shares owned declined to 53,073 following the sale

Insights

Financial Analyst

TL;DR: Director sold 10,000 RCAT shares; filing discloses weighted-average price and remaining direct holdings of 53,073 shares.

This Form 4 reports a routine insider sell transaction rather than an equity grant or purchase. The reporting person sold 10,000 shares at a disclosed weighted-average price of $10.91, with per-trade prices between $10.57 and $11.03, and retains 53,073 shares after the sale. The filing supplies sufficient pricing range detail and an offer to provide per-transaction breakdowns, which supports transparency for analysts tracking insider activity.

Corporate Governance Expert

TL;DR: Timely Form 4 filed for a director sale; disclosure practices appear compliant and transparent.

The director-level reporting and the signature dated 09/30/2025 indicate the issuer received a timely Section 16 disclosure of the sale. The explanatory footnote clarifying the weighted-average price and offering to disclose per-transaction amounts enhances governance transparency. No other changes in control or derivative transactions are reported on this form.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Moe Christopher R.

(Last) (First) (Middle)

15 AVE. MUNOZ RIVERA

SUITE 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

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	09/29/2025		S		10,000	D	$10.91(1)	53,073	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.57 to $11.03. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

	/s/ Christopher R. Moe	09/30/2025
	** 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 insider transaction did Christopher R. Moe report for RCAT?

The Form 4 reports that Christopher R. Moe sold 10,000 common shares of Red Cat Holdings on 09/29/2025.

At what price were the RCAT shares sold by the director?

The sale was reported at a weighted-average price of $10.91 per share, with individual transactions ranging from $10.57 to $11.03.

How many RCAT shares does Christopher R. Moe own after the transaction?

Following the reported sale, the Form 4 shows he beneficially owned 53,073 shares (direct ownership).

When was the Form 4 signed and filed for this RCAT transaction?

The signature on the Form 4 is dated 09/30/2025.

Does the filing provide transaction-level price details for the RCAT sale?

The filing gives a weighted-average price and notes transactions ranged between $10.57 and $11.03, and the reporting person offers to provide per-transaction breakdowns upon request.