JOSEPH P. HERNON - 01 May 2023 Form 4 Insider Report for Red Cat Holdings, Inc. (RCAT)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RCAT	Common Stock	Award	$25,500	+30,000	+7.2%	$0.8500	447,120	01 May 2023	Direct	F1
transaction	RCAT	Common Stock	Tax liability	$3,295	-3,877	-0.87%	$0.8500	443,243	01 May 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Represents the vesting of 30,000 restricted stock units, of which 3,877 were withheld by the Company to satisfy tax withholding obligations resulting in the net issuance of 26,123 shares of common stock.