George Michael Matus - May 13, 2024 Form 4 Insider Report for Red Cat Holdings, Inc. (RCAT)

Role
Chief Technology Officer
Signature
/s/ George Michael Matus
Stock symbol
RCAT
Transactions as of
May 13, 2024
Transactions value $
-$75,106
Form type
4
Date filed
6/20/2024, 07:34 PM
Previous filing
Mar 5, 2024
Next filing
Aug 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RCAT Common Stock Award $0 +900K +308.62% $0.00 1.19M May 13, 2024 Direct F1
transaction RCAT Common Stock Tax liability -$65.9K -57.8K -4.85% $1.14 1.13M May 13, 2024 Direct F2
transaction RCAT Common Stock Tax liability -$9.25K -9.25K -0.82% $1.00 1.12M Jun 1, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 5/13/2024, the reporting person was granted 900,000 restricted stock units, with 150,000 shares vesting on the date of grant, 75,000 shares vesting on the 10th day following each of the successive six fiscal quarters and 300,000 shares vesting upon written notice of a production award from a client.
F2 Represents shares that have been withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 150,000 restricted stock units from the award granted on 5/13/2024for a total of 900,000 shares, of which 450,000 are scheduled to vest quarterly through November 10, 2025 and 300,000 will vest contingent upon the completion of performance obligations.
F3 Represents shares that have been withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 25,000 restricted stock units from the award granted on 9/1/2021for a total of 400,000 shares, of which 375,000 shares have vested and 25,000 are scheduled to vest on 9/1/2024.