Red Cat director Paul Funk II acquires stock awards

The two awards have separate vesting dates, with the underlying common shares scheduled for delivery within 73 days after each vesting date.

Available on EDGAR 10/30/2026 - 08:52 PM EDT Accepted by SEC EDGAR 10/30/2026 - 08:52 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Red Cat Holdings, Inc. director Paul Funk II acquired two restricted stock unit awards on October 28, 2026: 13,533 units scheduled to vest November 15, 2026, and 10,150 units scheduled to vest January 15, 2027. Each unit represents a contingent right to receive one share of RCAT common stock, with the underlying shares to be delivered within 73 days of the applicable vesting date.

Insider Trade Summary

Grant/Award: 23,683 shares

Grant/Award 2 txns

Insider Funk Paul II

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1	13,533	$0.00	$0.00
Grant/Award	Restricted Stock Units F2	10,150	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 23,683 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. The restricted stock units will vest on November 15, 2026, with the underlying shares being delivered within 73 days of such vesting date.
2. F2. Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. The restricted stock units will vest on January 15, 2027, with the underlying shares being delivered within 73 days of such vesting date.

Key Figures

Restricted stock units awarded: 13,533 restricted stock units Restricted stock units awarded: 10,150 restricted stock units Shares per restricted stock unit: 1 share +1 more

4 metrics

Restricted stock units awarded 13,533 restricted stock units Award dated October 28, 2026; scheduled to vest November 15, 2026

Restricted stock units awarded 10,150 restricted stock units Award dated October 28, 2026; scheduled to vest January 15, 2027

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

Share delivery period Within 73 days After each applicable vesting date

Key Terms

Restricted Stock Units, contingent right, vesting date

3 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right"

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"

vesting date financial

"within 73 days of such vesting date"

FAQ

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

How many RSUs did RCAT director Paul Funk II acquire?

Paul Funk II acquired awards for 13,533 restricted stock units and 10,150 restricted stock units on October 28, 2026. The first award is scheduled to vest November 15, 2026, and the second January 15, 2027.

When will Paul Funk II's RCAT restricted stock units vest?

The 13,533-unit award is scheduled to vest November 15, 2026, and the 10,150-unit award is scheduled to vest January 15, 2027. The underlying shares are to be delivered within 73 days of each applicable vesting date.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Funk Paul II

(Last) (First) (Middle)

C/O RED CAT HOLDINGS INC.

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)
10/28/2026

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)	10/28/2026		A		13,533		(1)	(1)	Common Stock	13,533	$0	13,533	D
Restricted Stock Units	(2)	10/28/2026		A		10,150		(2)	(2)	Common Stock	10,150	$0	10,150	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. The restricted stock units will vest on November 15, 2026, with the underlying shares being delivered within 73 days of such vesting date.

2. Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. The restricted stock units will vest on January 15, 2027, with the underlying shares being delivered within 73 days of such vesting date.

	/s/ Paul Funk II	10/30/2026
	** 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)