Red Cat (RCAT)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2025-12-29 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 --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2025-12-29 | Code: G (Gift) Shares: -4,750 | Price: $0.00 Shares Owned After: 12,913,227 | Ownership: D (Direct) [Transaction #2] Security: Common Stock Date: 2025-12-29 | Code: G (Gift) Shares: -4,750 | Price: $0.00 Shares Owned After: 12,908,477 | Ownership: D (Direct) Footnotes: [F1] This transaction involved the reporting persons gift of 4,750 shares of RCAT common stock to his spouse and son, who will hold the shares jointly. The reporting person disclaims beneficial ownership of the securities held jointly by his spouse and son, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. [Transaction #3] Security: Common Stock Date: 2025-12-29 | Code: G (Gift) Shares: +4,750 | Price: $0.00 Shares Owned After: 4,750 | Ownership: I (Indirect) | Nature: Jointly held by spouse and son Footnotes: [F1] This transaction involved the reporting persons gift of 4,750 shares of RCAT common stock to his spouse and son, who will hold the shares jointly. The reporting person disclaims beneficial ownership of the securities held jointly by his spouse and son, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. --- Footnotes (Complete Index) --- F1: This transaction involved the reporting persons gift of 4,750 shares of RCAT common stock to his spouse and son, who will hold the shares jointly. The reporting person disclaims beneficial ownership of the securities held jointly by his spouse and son, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. --- Signature --- /s/ /s/ Jeffrey M. Thompson (2025-12-31)