Form 4: Red Cat Holdings CEO Gifts Shares to Family

Jeffrey M. Thompson, Chairman and CEO of Red Cat Holdings, reported gifting 4,750 shares of common stock to his spouse and son.

Summary

• Jeffrey M. Thompson, Chairman of the Board, CEO, Director, and 10% Owner of Red Cat Holdings, Inc. (RCAT), reported a gift transaction.
• On December 29, 2025, Thompson gifted 4,750 shares of RCAT common stock.
• The shares were transferred to his spouse and son, who will hold them jointly.
• The transaction price for the gift was $0 per share.
• Following the transaction, Thompson's direct beneficial ownership decreased by 4,750 shares to 12,908,477 shares.
• An indirect beneficial ownership of 4,750 shares was reported for the shares held jointly by his spouse and son, though Thompson disclaims beneficial ownership of these securities.

Sentiment

Score: 5

Explanation: A gift transaction is generally neutral. While it reduces direct ownership, the shares remain within the insider's family, suggesting continued alignment of interests, albeit indirectly. This filing does not contain operational or financial news that would significantly alter sentiment.

Positives

• The transfer of shares within the insider's family may indicate a long-term commitment and confidence in the company, even as direct ownership is reduced.

Negatives

• A reduction in direct beneficial ownership by a key insider, even through a gift, could be perceived as a slight decrease in direct alignment of interests, although the shares remain within the family.

Management Comments

• This transaction involved the reporting person's gift of 4,750 shares of RCAT common stock to his spouse and son, who will hold the shares jointly.
• The reporting person disclaims beneficial ownership of the securities held jointly by his spouse and son, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Related Party Transactions

• Gift of 4,750 shares of common stock by Jeffrey M. Thompson to his spouse and son.

Stakeholder Impact

• Shareholders: Minimal direct impact; a slight reduction in direct insider ownership, but shares remain within the insider's family, maintaining an indirect interest.
• Management: Jeffrey M. Thompson's direct holdings are reduced, but his overall family interest in the company remains.

Key Dates

Keywords

Red Cat Holdings, RCAT, Jeffrey M. Thompson, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, CEO, Director, 10% Owner