Paul Funk II - May 6, 2024 Form 4 Insider Report for Red Cat Holdings, Inc. (RCAT)

Role: Director
Signature: /s/ Paul Funk II
Stock symbol: RCAT
Transactions as of: May 6, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/3/2024, 01:16 PM
Previous filing: Jul 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RCAT	Common Stock	Award	$0	+158K		$0.00	158K	May 6, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of 157,599 restricted stock units ("RSUs") subject to time-based vesting, vesting in full on May 6, 2026, subject to customary vesting acceleration terms in the event of death, disability, or change in control of Red Cat Holdings, Inc. (the "Issuer"). Each RSU is issued under and subject to the terms of the Red Cat Holdings, Inc. 2019 Equity Incentive Plan, and represents the right to receive, at settlement, one share of the Issuer's common stock.

Content

Consists of 157,599 restricted stock units ("RSUs") subject to time-based vesting, vesting in full on May 6, 2026, subject to customary vesting acceleration terms in the event of death, disability, or change in control of Red Cat Holdings, Inc. (the "Issuer"). Each RSU is issued under and subject to the terms of the Red Cat Holdings, Inc. 2019 Equity Incentive Plan, and represents the right to receive, at settlement, one share of the Issuer's common stock.