Liuzza Nicholas Reyland JR 4

What Happened
Liuzza Nicholas Reyland Jr., a director of Red Cat Holdings, received an award of 7,429 restricted stock units (RSUs) on May 22, 2025. The Form 4 reports the acquisition as a derivative award at $0.00 (typical for RSU grants); each RSU represents a contingent right to one share of RCAT common stock and will convert to shares upon vesting. This was a grant/compensation event (not a market purchase or sale).

Key Details

• Transaction date: 2025-05-22; Transaction type: Award/Grant (code A). Reported price: $0.00 (derivative RSU grant).
• Number of RSUs granted: 7,429. Each RSU equals one share if/when vested (footnote F1).
• Vesting: RSUs vest on April 30, 2026 (footnote F2).
• Shares owned after the transaction: not specified in the information provided.
• Filing timeliness: The Form 4 was filed on 2026-04-29, nearly 11 months after the grant date — this is a late filing and reduces the immediacy/transparency of the disclosure.

Context
RSU grants are common compensation for executives and directors; they represent a future right to receive shares if vesting conditions are met and do not necessarily indicate an immediate bullish or bearish view. Because this was a derivative award (RSUs), no cash changed hands at grant; shares will be issued only if/when the RSUs vest. The late filing means investors received this disclosure well after the grant date.