SCHEDULE: Vanguard Group Discloses 5.02% Stake in Red Cat Holdings

The Vanguard Group reported a 5.02% beneficial ownership stake in Red Cat Holdings Inc. common stock as of December 31, 2025.

Summary

• The Vanguard Group reported beneficial ownership of 6,000,037 shares of Red Cat Holdings Inc. Common Stock.
• This ownership represents 5.02% of the class of securities.
• The filing date was January 30, 2026, for an event date requiring the filing of this statement on December 31, 2025.
• Vanguard holds shared voting power over 848,959 shares and shared dispositive power over 6,000,037 shares.
• An internal realignment at The Vanguard Group, Inc. on January 12, 2026, means certain subsidiaries will now report beneficial ownership separately, as Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive disclosure, as it confirms significant institutional interest from a major asset manager, but provides no new operational or financial insights about Red Cat Holdings Inc.

Positives

• A major institutional investor, The Vanguard Group, holds a significant 5.02% stake in Red Cat Holdings Inc., indicating institutional interest.

Industry Context

StockSavvy.ai notes that institutional filings like this Schedule 13G provide transparency into significant ownership stakes, which can influence market perception and liquidity. Vanguard's internal realignment reflects a broader trend in large asset managers to decentralize certain functions to specialized subsidiaries.

Stakeholder Impact

• Shareholders: Increased transparency regarding institutional ownership. The presence of a large institutional investor like Vanguard can sometimes be seen as a vote of confidence, potentially influencing other investors.

Next Steps

• The Vanguard Group, Inc. anticipates that certain subsidiaries or business divisions will report beneficial ownership separately in the future.

Key Dates

Recommendation

This Schedule 13G filing indicates The Vanguard Group's passive beneficial ownership of 5.02% in Red Cat Holdings Inc. While the presence of a major institutional investor is generally positive, this filing does not contain any operational, financial, or strategic updates about Red Cat Holdings Inc. that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, pending further fundamental analysis of the company's performance and outlook.

Keywords

Red Cat Holdings, Vanguard Group, Schedule 13G, Common Stock, Institutional Ownership, Beneficial Ownership, RCAT