Moe Christopher R. 4

What Happened
Christopher R. Moe, a director of Red Cat Holdings, was granted 7,429 restricted stock units (RSUs) on May 22, 2025. The grant is reported as a derivative acquisition at $0.00 (no cash paid). Each RSU represents a contingent right to receive one share of RCAT common stock, and the RSUs vest on April 30, 2026.

Key Details

• Transaction date: 2025-05-22 (grant)
• Filing date / accession: Form 4 filed 2026-04-29 (reporting nearly 11 months after the grant) — late filing noted.
• Transaction code: A (award/grant of RSUs) recorded as derivative acquisition at $0.00.
• Shares involved: 7,429 RSUs granted.
• Shares owned after transaction: Not specified in the excerpted transaction detail.
• Footnotes: F1 — each RSU converts to one share on settlement; F2 — RSUs vest April 30, 2026.

Context
RSU grants are commonly used for director/executive compensation and do not require an upfront cash purchase; they become actual shares only upon vesting and any settlement conditions. Because this is an award (not an open-market purchase or sale), it should be viewed as compensation rather than a direct bullish or bearish insider trade. The late filing delays public visibility into the transaction; timely filings give investors better insight into insider activity.