Leah Lunger - Jun 10, 2024 Form 4 Insider Report for Red Cat Holdings, Inc. (RCAT)

Role
Chief Financial Officer
Signature
/s/ Leah Lunger
Stock symbol
RCAT
Transactions as of
Jun 10, 2024
Transactions value $
-$39,756
Form type
4
Date filed
7/1/2024, 02:00 PM
Previous filing
Mar 25, 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 +87378.64% $0.00 901K Jun 10, 2024 Direct F1
transaction RCAT Common Stock Tax liability -$39.8K -44.9K -4.99% $0.89 856K Jun 10, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 6/10/2024, the reporting person was granted 900,000 restricted stock units, with 150,000 shares vesting on the date of grant, 64,286 shares vesting on the 10th day following each of the successive six fiscal quarters, 64,284 shares vesting on the seventh successive fiscal quarter, and 300,000 shares vesting upon timely filing of the Company's Form 10-K for the year ended 4/30/2024.
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 6/10/2024for a total of 900,000 shares, of which 450,000 are scheduled to vest quarterly through May 10, 2025 and 300,000 will vest contingent upon the completion of performance obligations.