Joseph Hernon - Jul 1, 2021 Form 4 Insider Report for Red Cat Holdings, Inc. (RCAT)

Role
CFO
Signature
/s/ Joseph Hernon
Stock symbol
RCAT
Transactions as of
Jul 1, 2021
Transactions value $
$941,250
Form type
4
Date filed
7/8/2021, 05:15 PM
Previous filing
Sep 29, 2021
Next filing
Jan 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RCAT Common Stock Award $941K +375K $2.51 375K Jul 1, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of common stock granted under the terms of employment agreement. 45,000 shares vest on November 1, 2021 with the remaining 330,000 vesting in quarterly installments of 30,000 beginning February 1, 2022, subject to continued employment. The shares will vest immediately upon a change in control as defined in the Company's 2019 Equity Incentive Plan.
F2 Represents closing stock price on date that restricted stock was awarded.