Funk Paul II 4

What Happened

• Paul Funk II, a director of Red Cat Holdings, Inc. (RCAT), disposed of 165,028 shares on June 11, 2026. The filing reports a weighted-average sale price of $11.50 per share for total proceeds of $1,897,822. The shares were sold in multiple transactions with individual prices in the $11.46–$11.58 range. This was a sale (disposition), which is often routine insider selling and does not by itself indicate management sentiment.

Key Details

• Transaction date: 2026-06-11
• Transaction type: Sale (Form 4 code "S") — reported as open market or private sale; footnote says multiple transactions
• Price: Weighted-average $11.50; individual trades ranged $11.46–$11.58
• Proceeds: $1,897,822
• Shares owned after transaction: Not disclosed in the provided filing
• Footnote (F1): The reported price is a weighted average; the reporting person will provide specifics on the number of shares sold at each price on request
• Filing timeliness: Reported on 2026-06-15 for a 2026-06-11 transaction (filed within the normal Section 16 reporting window)

Context

• Sales by directors can be routine (diversification, liquidity, tax planning) and are not definitive indicators of company prospects. The filing does not disclose a 10b5‑1 plan or other special instruction. Retail investors should weigh this sale alongside other insider activity, company fundamentals, and market conditions.