Liuzza Nicholas Reyland JR 4

What Happened
Director Nicholas Reyland Liuzza Jr. received 7,429 shares of Red Cat Holdings (RCAT) on April 30, 2026. The Form 4 records an exercise/conversion of a derivative (transaction code M) reflecting the settlement of restricted stock units (RSUs) into common stock. No per-share price or cash amount is reported in the filing.

Key Details

• Transaction date: April 30, 2026. Form 4 filed May 4, 2026 (timely; within the two-business-day rule).
• Shares involved: 7,429 shares acquired via conversion/settlement of RSUs (transaction code M). A matching derivative disposition entry appears on the form; no cash proceeds or sale is reported.
• Price: N/A (no dollar amount reported).
• Footnote: The RSUs were granted May 22, 2025 and vested April 30, 2026; the transaction represents settlement of those RSUs into common stock.
• Shares owned after the transaction: not specified in the filing.

Context
This was a routine vesting/settlement of RSUs, not an open-market purchase or sale. Such settlements convert previously granted equity awards into shares upon vesting and do not by themselves indicate buying or selling activity in the market.