Form 4: Red Cat Holdings CTO George Matus Reports Tax-Related Stock Disposal
SEC Form 4 Filing
George Matus, CTO of Red Cat Holdings, reports the disposal of 10,000 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 1, 2024, George Matus, the CTO of Red Cat Holdings, disposed of 10,000 shares of common stock to satisfy tax withholding obligations.
- The shares were disposed of at a price of $3.11 per share.
- This transaction is related to the vesting of 25,000 restricted stock units granted on September 1, 2021.
- Following the transaction, Matus directly owns 1,084,602 shares of Red Cat Holdings.
- Matus has granted Jeffrey Thompson and Leah Lunger power of attorney to handle SEC filings related to his Red Cat Holdings securities transactions.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small percentage of Matus's holdings.
Key Dates
| Date | Description |
|---|---|
| September 1, 2021 | Date of grant for the restricted stock units related to the transaction. |
| August 7, 2024 | Date of execution for the Power of Attorney. |
| September 1, 2024 | Date of the transaction (stock disposal for tax withholding). |
| September 10, 2024 | Date of Form 4 filing. |
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