Moe Christopher R. 4

What Happened Christopher R. Moe, a director of Red Cat Holdings, received 7,429 shares of RCAT common stock on April 30, 2026 through the settlement/conversion of a derivative award (reported under transaction code M). No per-share price or total dollar value is reported in the filing. This was not an open-market purchase or sale — it reflects scheduled vesting and settlement of previously granted restricted stock units (RSUs).

Key Details

• Transaction date: April 30, 2026; Form 4 filed May 4, 2026 (timely — within two business days).
• Reported transactions: conversion/exercise of a derivative resulting in acquisition of 7,429 shares and corresponding disposition of the derivative instrument (both reported on same date).
• Price/value: N/A (no cash purchase or sale; shares issued on vesting).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: The RSUs were granted May 22, 2025 and vested/settled on April 30, 2026 (F1). The filing indicates settlement of RSUs into common stock on their scheduled vesting date.

Context This transaction reflects routine compensation (RSU vesting) rather than an open-market trade. For retail investors, such award settlements typically do not signal a direct buy/sell trading decision by the insider; they are the conversion of contingent awards into shares according to prior grants.