RCAT

SEC source: 0001104659-25-096811 · tm2528011-1_4seq1.xml · nonDerivative · entry 2

Hitchcock Geoffrey Wayne · CIK 0002047162 · Chief Revenue Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 204,987

F2 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001104659-25-096811 · tm2528011-1_4seq1.xml · nonDerivative · entry 1

Hitchcock Geoffrey Wayne · CIK 0002047162 · Chief Revenue Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 294,825

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units convert into common stock on a one-for-one basis.

F2 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001493152-25-016400 · ownership.xml · nonDerivative · entry 1

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,073

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.57 to $11.03. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001493152-26-043191 · ownership.xml · derivative · entry 3

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 750,000

Underlying: Common Stock · 750,000 shares

Expires 2026-09-15

F1 · derivative.exercise_price: As previously reported on Form 144 filed by the Reporting Person on September 12, 2025, the Reporting Person entered into a variable prepaid forward contract with an unaffiliated third-party dealer, dated September 15, 2025 (the "September 2025 Contract"). The September 2025 Contract required the Reporting Person to deliver to the buyer up to 750,000 shares of the Issuer's common stock (the "Pledged Shares"), on September 15, 2026, the settlement date. In exchange, the Reporting Person received an up-front cash payment of $6,565,293.75. The contract provides that the actual number shares of common stock to be delivered by the Reporting Person on the settlement date is determined based on the volume weighted average price of the Issuer's common stock at settlement relative to an agreed forward floor price of $9.14 per share and forward cap price of $13.44 per share, with the aggregate number shares deliverable not to exceed 750,000 shares of common stock.

F2 · derivative.exercise_price: (continued from footnote 1) The Pledged Shares were held in a collateral account for the account of the Reporting Person, with the buyer or its affiliate having a security interest in such account. Unless and until an event of default or similar triggering event occurred under the pledge, the Reporting Person retained the right to vote the Pledged Shares, and dividends on the Pledged Shares were, subject to certain payment obligations to the buyer, ultimately for the account of the Reporting Person.

F1 · kind: As previously reported on Form 144 filed by the Reporting Person on September 12, 2025, the Reporting Person entered into a variable prepaid forward contract with an unaffiliated third-party dealer, dated September 15, 2025 (the "September 2025 Contract"). The September 2025 Contract required the Reporting Person to deliver to the buyer up to 750,000 shares of the Issuer's common stock (the "Pledged Shares"), on September 15, 2026, the settlement date. In exchange, the Reporting Person received an up-front cash payment of $6,565,293.75. The contract provides that the actual number shares of common stock to be delivered by the Reporting Person on the settlement date is determined based on the volume weighted average price of the Issuer's common stock at settlement relative to an agreed forward floor price of $9.14 per share and forward cap price of $13.44 per share, with the aggregate number shares deliverable not to exceed 750,000 shares of common stock.

F2 · kind: (continued from footnote 1) The Pledged Shares were held in a collateral account for the account of the Reporting Person, with the buyer or its affiliate having a security interest in such account. Unless and until an event of default or similar triggering event occurred under the pledge, the Reporting Person retained the right to vote the Pledged Shares, and dividends on the Pledged Shares were, subject to certain payment obligations to the buyer, ultimately for the account of the Reporting Person.

F1 · price: As previously reported on Form 144 filed by the Reporting Person on September 12, 2025, the Reporting Person entered into a variable prepaid forward contract with an unaffiliated third-party dealer, dated September 15, 2025 (the "September 2025 Contract"). The September 2025 Contract required the Reporting Person to deliver to the buyer up to 750,000 shares of the Issuer's common stock (the "Pledged Shares"), on September 15, 2026, the settlement date. In exchange, the Reporting Person received an up-front cash payment of $6,565,293.75. The contract provides that the actual number shares of common stock to be delivered by the Reporting Person on the settlement date is determined based on the volume weighted average price of the Issuer's common stock at settlement relative to an agreed forward floor price of $9.14 per share and forward cap price of $13.44 per share, with the aggregate number shares deliverable not to exceed 750,000 shares of common stock.

F2 · price: (continued from footnote 1) The Pledged Shares were held in a collateral account for the account of the Reporting Person, with the buyer or its affiliate having a security interest in such account. Unless and until an event of default or similar triggering event occurred under the pledge, the Reporting Person retained the right to vote the Pledged Shares, and dividends on the Pledged Shares were, subject to certain payment obligations to the buyer, ultimately for the account of the Reporting Person.

SEC source: 0001493152-25-013493 · ownership.xml · nonDerivative · entry 4

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 63,073

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.75 to $11.19. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001493152-25-013493 · ownership.xml · nonDerivative · entry 3

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 73,073

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.77 to $10.80. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001493152-25-013493 · ownership.xml · nonDerivative · entry 2

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 83,073

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.71 to $9.84. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001493152-25-013493 · ownership.xml · nonDerivative · entry 1

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 103,073

SEC source: 0001493152-26-037893 · ownership.xml · nonDerivative · entry 1

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 220,502

SEC source: 0001641172-25-025289 · ownership.xml · nonDerivative · entry 2

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,073

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.56 to $9.60. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-025289 · ownership.xml · nonDerivative · entry 1

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 129,906

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-020632 · ownership.xml · derivative · entry 6

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 25,316 shares

Expires 2031-03-31

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001641172-25-020632 · ownership.xml · derivative · entry 5

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 416,667

Underlying: Common Stock · 416,667 shares

Expires 2033-05-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001641172-25-020632 · ownership.xml · nonDerivative · entry 4

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,917,977

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-020632 · ownership.xml · nonDerivative · entry 3

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,926,524

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-020632 · ownership.xml · nonDerivative · entry 2

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,901,208

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-020632 · ownership.xml · nonDerivative · entry 1

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,938,958

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-018057 · ownership.xml · derivative · entry 3

Freedman Joseph David · CIK 0001840083 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 150,000 shares

Expires 2026-07-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001641172-25-018057 · ownership.xml · nonDerivative · entry 2

Freedman Joseph David · CIK 0001840083 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 165,260

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.33 to $7.46. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-018057 · ownership.xml · nonDerivative · entry 1

Freedman Joseph David · CIK 0001840083 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 315,260

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-018455 · ownership.xml · nonDerivative · entry 4

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 387,445

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-018455 · ownership.xml · derivative · entry 6

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 100,000 shares

Expires 2025-10-01

SEC source: 0001641172-25-018455 · ownership.xml · nonDerivative · entry 3

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 487,445

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001493152-26-019667 · ownership.xml · derivative · entry 1

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,000,000

Underlying: Common Stock · 1,000,000 shares

Expires 2035-05-22

F1 · derivative.exercise_date: The reporting person was granted an option to purchase up to 1,000,000 shares of the Issuers common stock in lieu of receiving a base salary and participating in the Issuers traditional bonus plan. The option vests as follows: 50% on the first anniversary of the grant date, 25% on the second anniversary of the grant date, and 25% on the third anniversary of the grant date.

SEC source: 0001493152-26-019662 · ownership.xml · derivative · entry 1

Moe Christopher R. · CIK 0001930171 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,429

Underlying: Common Stock · 7,429 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of RCAT common stock.

F2 · derivative.exercise_date: The restricted stock units vest on April 30, 2026.

F2 · derivative.expiration_date: The restricted stock units vest on April 30, 2026.

SEC source: 0001493152-26-019656 · ownership.xml · derivative · entry 1

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,429

Underlying: Common Stock · 7,429 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of RCAT common stock.

F2 · derivative.exercise_date: The restricted stock units vest on April 30, 2026.

F2 · derivative.expiration_date: The restricted stock units vest on April 30, 2026.

SEC source: 0001493152-26-019651 · ownership.xml · derivative · entry 1

Funk Paul II · CIK 0002027952 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,429

Underlying: Common Stock · 7,429 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of RCAT common stock.

F2 · derivative.exercise_date: The restricted stock units vest on April 30, 2026.

F2 · derivative.expiration_date: The restricted stock units vest on April 30, 2026.

SEC source: 0001493152-26-019649 · ownership.xml · derivative · entry 1

Freedman Joseph David · CIK 0001840083 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,429

Underlying: Common Stock · 7,429 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of RCAT common stock.

F2 · derivative.exercise_date: The restricted stock units vest on April 30, 2026.

F2 · derivative.expiration_date: The restricted stock units vest on April 30, 2026.

SEC source: 0001641172-25-018455 · ownership.xml · nonDerivative · entry 2

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 387,445

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.66 to $6.72. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001641172-25-018455 · ownership.xml · derivative · entry 5

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Common Stock · 100,000 shares

Expires 2025-10-01

SEC source: 0001641172-25-018455 · ownership.xml · nonDerivative · entry 1

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 487,754

F1 · balance_after: The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.

SEC source: 0001554795-25-000002 · ownership.xml · derivative · entry 3

Lunger Leah · CIK 0002011457 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,334

Underlying: Common Stock · 7,083 shares

Expires 2033-02-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: The remainder of the shares subject to the option, representing a right to purchase a total of 28,334 shares, shall vest as to 7,083 shares each quarter through the quarter ending January 31, 2026, subject to continuing employment with Red Cat Holdings, Inc.

SEC source: 0001554795-25-000002 · ownership.xml · nonDerivative · entry 2

Lunger Leah · CIK 0002011457 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 328,864

SEC source: 0001554795-25-000002 · ownership.xml · nonDerivative · entry 1

Lunger Leah · CIK 0002011457 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 329,541

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001554795-24-000389 · ownership.xml · nonDerivative · entry 3

Freedman Joseph David · CIK 0001840083 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 585,190.46

SEC source: 0001554795-24-000385 · ownership.xml · nonDerivative · entry 1

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 381,072

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.32 to $13.68. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000389 · ownership.xml · nonDerivative · entry 2

Freedman Joseph David · CIK 0001840083 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 600,190.46

SEC source: 0001554795-24-000381 · ownership.xml · nonDerivative · entry 2

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 461,072

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.90 to $13.96. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000378 · ownership.xml · nonDerivative · entry 7

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,014,449

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.37 to $14.46 per share. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000383 · ownership.xml · nonDerivative · entry 3

Matus George Michael · CIK 0001883137 · CTO, Red Cat Holdings

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 304,406

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.52 to $14.90. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000383 · ownership.xml · nonDerivative · entry 2

Matus George Michael · CIK 0001883137 · CTO, Red Cat Holdings

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 394,529

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.52 to $14.51. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000389 · ownership.xml · nonDerivative · entry 1

Freedman Joseph David · CIK 0001840083 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 610,190.46

SEC source: 0001554795-24-000378 · ownership.xml · nonDerivative · entry 6

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,043,205

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.6701 to $11.77 per share. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000383 · ownership.xml · nonDerivative · entry 1

Matus George Michael · CIK 0001883137 · CTO, Red Cat Holdings

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 613,897

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.23. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000381 · ownership.xml · nonDerivative · entry 1

Liuzza Nicholas Reyland JR · CIK 0001264473 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 481,072

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.70 to $11.06. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000378 · ownership.xml · nonDerivative · entry 5

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,121,898

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.4522 to $13.8301 per share. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000364 · ownership.xml · nonDerivative · entry 3

Freedman Joseph David · CIK 0001840083 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 635,190.46

SEC source: 0001554795-24-000372 · ownership.xml · nonDerivative · entry 1

Matus George Michael · CIK 0001883137 · CTO, Red Cat Holdings

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 685,990

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.79 to $10.16. The reporting person undertakes to provide Red Cat Holdings, Inc., any security holder of Red Cat Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001554795-24-000378 · ownership.xml · derivative · entry 9

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 927,673

Underlying: Common Stock · 322,327 shares

Expires 2033-05-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: On May 15, 2023, the reporting person was granted an option to purchase up to 1,250,000 shares of common stock at a price of $1.06 per share issued as compensation under the 2019 Equity Incentive Plan of Red Cat Holdings, Inc. These options vest at a rate of 1/3 per year over the course of 3 years after the date of grant, and are exercisable for up to 10 years.

SEC source: 0001554795-24-000378 · ownership.xml · derivative · entry 8

Thompson Jeffrey M · CIK 0001397565 · Director · Chairman of the Board, CEO · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,316

Underlying: Common Stock · 474,684 shares

Expires 2031-03-31

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: On March 31, 2021, the reporting person was granted an option to purchase up to 500,000 shares of common stock at a price of $3.95 per share issued as compensation under the 2019 Equity Incentive Plan of Red Cat Holdings, Inc. The options are fully vested.