Funk Paul II 4
4 · Red Cat Holdings, Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Red Cat (RCAT) Director Paul Funk II Receives 7,429 Shares
What Happened
Paul Funk II, a director of Red Cat Holdings, received 7,429 shares of RCAT common stock upon settlement of restricted stock units (RSUs) that vested on April 30, 2026. The Form 4 reports the derivative conversion/settlement (transaction code M); no purchase price or sale proceeds are reported (price = N/A). This was a receipt of shares from a scheduled RSU vesting, not an open‑market purchase or sale.
Key Details
- Transaction date: April 30, 2026 (reported on Form 4 filed May 4, 2026).
- Transaction type/code: Exercise/conversion of derivative (M) — one line shows the RSU/derivative being converted (disposed) and one shows the underlying shares acquired.
- Shares received: 7,429 common shares; price: N/A (settlement of award, no cash paid).
- Shares owned after transaction: not specified in this filing.
- Footnote: The RSUs were granted May 22, 2025 and vested April 30, 2026; this filing reflects settlement of those RSUs into shares (see footnote F1).
- Filing timeliness: Form 4 was filed May 4, 2026, which appears to meet the typical two-business-day reporting requirement.
Context
RSU vesting and settlement is a routine compensation event for directors and executives and does not by itself indicate a buy or sell decision. The filing shows conversion/settlement of a derivative award into shares rather than a market transaction; if the insider later sells shares, that would be reported separately.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-30+7,429→ 165,028 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-30−7,429→ 0 total→ Common Stock (7,429 underlying)
Footnotes (1)
- [F1]Each restricted stock unit represents a contingent right to receive one share of RCAT common stock. On May 22, 2025, the reporting person was granted 7,429 restricted stock units. The restricted stock units vested on April 30, 2026. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.