Red Cat (RCAT) director receives 7,429 restricted stock units award

Rhea-AI Filing Summary

Moe Christopher R. reported acquisition or exercise transactions in this Form 4 filing.

Red Cat Holdings director Christopher R. Moe received a grant of 7,429 restricted stock units as equity compensation. Each unit represents a contingent right to receive one share of Red Cat common stock. The restricted stock units vest on April 30, 2026, and are held directly by Moe.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Moe Christopher R.

Role null

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

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

Footnotes (1)

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

Key Figures

RSUs granted: 7,429 units Exercise price: $0.00 per unit Underlying common shares: 7,429 shares +2 more

5 metrics

RSUs granted 7,429 units Restricted stock unit grant to director on May 22, 2025

Exercise price $0.00 per unit Grant price for restricted stock units

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

Units after transaction 7,429 units Total derivative securities owned following the grant

Vesting date April 30, 2026 Date when the restricted stock units vest

Key Terms

Restricted Stock Units, contingent right, vest, derivative securities

4 terms

Restricted Stock Units financial

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

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

"represents a contingent right to receive one share of RCAT common stock"

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.

derivative securities financial

"derivativeTransactionCount": 1, "derivativeTransactionCount""

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

Form 4 Insider Transactions: What Each Field Means →

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^*

Moe Christopher R.

(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/ Christopher R. Moe	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)

FAQ

What insider transaction did Red Cat Holdings (RCAT) report in this Form 4?

Red Cat Holdings reported that director Christopher R. Moe received a grant of 7,429 restricted stock units. These units are a form of equity compensation that may convert into an equal number of Red Cat common shares at vesting, aligning the director’s interests with shareholders.

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

Director Christopher R. Moe was granted 7,429 restricted stock units. After the grant, he holds 7,429 derivative securities related to Red Cat common stock, reflecting the full size of this equity award reported in the filing as part of his compensation package.

What does each restricted stock unit represent for Red Cat (RCAT)?

Each restricted stock unit represents a contingent right to receive one share of Red Cat common stock. This means the director will obtain actual shares only if the vesting conditions are satisfied, turning these units into an equivalent number of common shares.

When do the Red Cat (RCAT) restricted stock units granted to the director vest?

The restricted stock units granted to director Christopher R. Moe vest on April 30, 2026. Vesting is the date when the units convert from a contingent right into deliverable shares, assuming all applicable service or other conditions are satisfied by that time.

Was this Red Cat (RCAT) Form 4 transaction an open-market stock purchase or sale?

No, the Form 4 shows a grant of restricted stock units, not an open-market purchase or sale. The award was acquired at a price of $0.00 per unit as compensation, rather than through buying or selling Red Cat shares on the public market.