Leah Lunger - 03 Jan 2025 Form 4 Insider Report for Red Cat Holdings, Inc. (RCAT)

Role: Chief Financial Officer
Signature: /s/ Leah Lunger
Issuer symbol: RCAT
Transactions as of: 03 Jan 2025
Net transactions value: -$8.69
Form type: 4
Filing time: 07 Jan 2025, 18:15:59 UTC
Previous filing: 20 Dec 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RCAT	Common Stock	Options Exercise	$8,995	+7,083	+2.2%	$1.27	329,541	03 Jan 2025	Direct
transaction	RCAT	Common Stock	Tax liability	$9,004	-677	-0.21%	$13.30	328,864	03 Jan 2025	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
transaction	RCAT	Employee Stock Option (right to buy)	Options Exercise	$0	-7,083	-20%	$0.000000	28,334	03 Jan 2025	Common Stock	7,083	$1.27	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The remainder of the shares subject to the option, representing a right to purchase a total of 28,334 shares, shall vest as to 7,083 shares each quarter through the quarter ending January 31, 2026, subject to continuing employment with Red Cat Holdings, Inc.