Red Cat (RCAT) 4: Funk Paul II bought 868 shares on 2026-10-02; Funk Paul II… (Oct 6, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-10-02 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Red Cat Holdings, Inc. (RCAT) CIK: 0000748268 --- Reporting Owner --- Name: Funk Paul II CIK: 0002027952 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-10-02 | Code: M (Exercise of derivative) Shares: +868 Shares Owned After: 868 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. On October 2, 2025, the reporting person was granted 868 restricted stock units, which vested on October 2, 2026. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date. --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-10-02 | Code: M (Exercise of derivative) Shares: -868 | Price: $0.00 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. On October 2, 2025, the reporting person was granted 868 restricted stock units, which vested on October 2, 2026. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date. [F1] Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. On October 2, 2025, the reporting person was granted 868 restricted stock units, which vested on October 2, 2026. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date. [F1] Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. On October 2, 2025, the reporting person was granted 868 restricted stock units, which vested on October 2, 2026. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date. --- Footnotes (Complete Index) --- F1: Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. On October 2, 2025, the reporting person was granted 868 restricted stock units, which vested on October 2, 2026. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date. --- Signature --- /s/ /s/ Paul Funk II (2026-10-06)