Red Cat Holdings, Inc. — Director's Dealing 2021

Jul 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Red Cat Holdings, Inc. (RCAT)
CIK: 0000748268
Period of Report: 2021-07-01

Reporting Person: HERNON JOSEPH P (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-01	Common Stock	A	375000	$2.51	Acquired	375000	Direct

Footnotes

F1: Reflects shares of common stock granted under the terms of employment agreement. 45,000 shares vest on November 1, 2021 with the remaining 330,000 vesting in quarterly installments of 30,000 beginning February 1, 2022, subject to continued employment. The shares will vest immediately upon a change in control as defined in the Company's 2019 Equity Incentive Plan.

F2: Represents closing stock price on date that restricted stock was awarded.