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Red Cat Holdings, Inc. — Director's Dealing 2021
Jan 15, 2021
32091_dirs_2021-01-15_1c1f209a-374f-43d6-a2f7-702fcfbcd66e.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Red Cat Holdings, Inc. (RCAT)
CIK: 0000748268
Period of Report: 2021-01-11
Reporting Person: Freedman Joseph David (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 15828 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Options to purchase common stock | $2.01 | 2031-01-11 | Common Stock (100000) | Direct | |
| Warrants to purchase common stock | $1.50 | 2026-01-08 | Common Stock (67500) | Direct | |
| Convertible Note | $1.00 | 2023-01-08 | Common Stock (50000) | Direct |
Footnotes
F1: Includes options to purchase a total of 100,000 shares of common stock. 50,000 options are vested immediately, with an additional 25,000 options vesting on each of the first and second anniversary of the grant date. under the 2019 Equity Incentive Plan
F2: Warrant is exercisable at a price of $1.50 per share for a period of 5 years. In the event of a "Qualified Offering," as defined in the Warrant, the exercise price will be the lower of $1.50 per share or a 25% discount to the offering price per share in the Qualified Offering.
F3: Note is convertible to common stock at a price of $1.00 per share, and matures in 2 years. In the event of a "Qualified Offering," as defined in the Note, the conversion price will be the lower of $1.00 per share or a 25% discount to the offering price per share in the Qualified Offering.