Red Cat Holdings, Inc. (RCAT) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2025-05-22 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Red Cat Holdings, Inc. (RCAT) CIK: 0000748268 --- Reporting Owner --- Name: Thompson Jeffrey M CIK: 0001397565 Role: Director, Officer (Chairman of the Board, CEO), 10%+ Owner --- Derivative Transactions --- [Transaction #1] Security: Employee Stock Option (right to buy) Date: 2025-05-22 | Code: A (Grant or award) Shares: +1,000,000 | Price: $0.00 Exercisable: N/A | Expires: 2035-05-22 Shares Owned After: 1,000,000 | Ownership: D (Direct) Footnotes: [F1] The reporting person was granted an option to purchase up to 1,000,000 shares of the Issuers common stock in lieu of receiving a base salary and participating in the Issuers traditional bonus plan. The option vests as follows: 50% on the first anniversary of the grant date, 25% on the second anniversary of the grant date, and 25% on the third anniversary of the grant date. --- Footnotes (Complete Index) --- F1: The reporting person was granted an option to purchase up to 1,000,000 shares of the Issuers common stock in lieu of receiving a base salary and participating in the Issuers traditional bonus plan. The option vests as follows: 50% on the first anniversary of the grant date, 25% on the second anniversary of the grant date, and 25% on the third anniversary of the grant date. --- Signature --- /s/ /s/ Jeffrey M. Thompson (2026-04-29)