Jeffrey Thompson - May 16, 2023 Form 4 Insider Report for Red Cat Holdings, Inc. (RCAT)

Role: Chairman of the Board, CEO, Director, 10%+ Owner
Signature: /s/ Jeffrey M. Thompson
Stock symbol: RCAT
Transactions as of: May 16, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/18/2023, 05:21 PM
Previous filing: Jan 6, 2023
Next filing: Jan 3, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RCAT	Options to purchase common stock	Award	$0	+1.25M	+250%	$0.00	1.75M	May 16, 2023	Common stock	1.25M	$1.06	Direct

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

Remarks:

Option to purchase up to 1,250,000 shares of common stock at a price of $1.06 per share were granted as compensation under the 2019 Equity Incentive Plan. These options vest at a rate of 1/3 per year over the course of 3 years, and are exercisable for up to 10 years.