Geoffrey Hitchcock - Oct 1, 2025 Form 4 Insider Report for Red Cat Holdings, Inc. (RCAT)

Role: Chief Revenue Officer
Signature: /s/ Geoffrey Hitchcock
Stock symbol: RCAT
Transactions as of: Oct 1, 2025
Transactions value $: -$940,604
Form type: 4
Date filed: 10/3/2025, 08:32 PM
Previous filing: Dec 26, 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hitchcock Geoffrey Wayne	Chief Revenue Officer	15 AVENIDA MUNOZ RIVERA, STE 2200, SAN JUAN, PUERTO RICO	/s/ Geoffrey Hitchcock	2025-10-03	0002047162

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RCAT	Common Stock	Options Exercise		+263K	+812.06%		295K	Oct 1, 2025	Direct	F1, F2
transaction	RCAT	Common Stock	Tax liability	-$941K	-89.8K	-30.47%	$10.47	205K	Oct 1, 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RCAT	Restricted Stock Units	Options Exercise	$0	-263K	-50%	$0.00	263K	Oct 1, 2025	Common Stock	263K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	The amount of securities beneficially owned reflects only the number of shares of common stock held by the reporting person. Previously, the reporting person reported shares of common stock and derivative securities on an aggregate basis. The reporting person will file one or more amended reports to correct the number of non-derivative and derivative securities owned.
F3	On November 24, 2024, the reporting person was granted 525,000 restricted stock units, vesting in two equal annual installments on October 1, 2025 and October 1, 2026.