Leah Lunger - Mar 15, 2024 Form 3 Insider Report for Red Cat Holdings, Inc. (RCAT)

Role
Interim CFO
Signature
/s/ Leah Lunger
Stock symbol
RCAT
Transactions as of
Mar 15, 2024
Transactions value $
$0
Form type
3
Date filed
3/25/2024, 08:21 PM
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RCAT Common Stock 1.03K Mar 15, 2024 Direct

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
holding RCAT Employee stock option (right to buy) Mar 15, 2024 Common Stock 50K $2.60 Direct F1
holding RCAT Employee stock option (right to buy) Mar 15, 2024 Common Stock 85K $1.27 Direct F2
holding RCAT Employee stock option (right to buy) Mar 15, 2024 Common Stock 25K $0.89 Direct F3
holding RCAT Employee stock option (right to buy) Mar 15, 2024 Common Stock 50K $2.60 By spouse F1
holding RCAT Employee stock option (right to buy) Mar 15, 2024 Common Stock 21K $0.89 By spouse F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests quarterly over a 3 year period that began with the quarter ended July 31, 2021. 45,833 shares subject to the option have vested, and the remaining 4,167 shares will vest on June 7, 2024, subject to continuing employment with Red Cat Holdings, Inc.
F2 28,333 shares subject to the option have vested. 7,083 shares will vest each quarter through the quarter ending January 31, 2026, subject to continuing employment with Red Cat Holdings, Inc.
F3 The option is fully vested.