Director Paul Funk II of Red Cat Holdings, Inc. filed a Form 4 on October 30, 2026, reporting the acquisition of two tranches of restricted stock units in Red Cat Holdings common stock, with transaction dates of October 28, 2026.

Key Highlights

  • Reporting person: Paul Funk II, identified as a Director of Red Cat Holdings, Inc. (NASDAQ:RCAT)
  • First RSU grant: 13,533 restricted stock units acquired on October 28, 2026, at a price of $0, vesting November 15, 2026
  • Second RSU grant: 10,150 restricted stock units acquired on October 28, 2026, at a price of $0, vesting January 15, 2027
  • Total RSUs beneficially owned: 13,533 from the first grant and 10,150 from the second grant, both held directly
  • Delivery timing: Underlying shares for both grants are to be delivered within 73 days of each respective vesting date
  • Underlying security: Each restricted stock unit represents a contingent right to receive one share of RCAT common stock

Paul Funk II RSU Awards at Red Cat Holdings: October 28, 2026 Transactions

According to the Form 4 filing, director Paul Funk II received two separate grants of restricted stock units in Red Cat Holdings, Inc. on October 28, 2026. The first grant consisted of 13,533 restricted stock units, each representing, as the filing states, "a contingent right to receive one share of RCAT common stock." These units are reported to vest on November 15, 2026, with the underlying shares to be delivered within 73 days of that vesting date.

The second grant comprised 10,150 restricted stock units under the same terms: each unit represents a contingent right to one share of RCAT common stock, with a vesting date of January 15, 2027, and underlying shares deliverable within 73 days of vesting. Both grants were acquired at a price of $0 and are reported as directly held. The filing does not indicate that either transaction was made pursuant to a Rule 10b5-1(c) plan, as the corresponding checkbox was not checked.

The filing was signed by Paul Funk II on October 30, 2026. No Table I non-derivative securities transactions were reported in this filing. The issuer is identified as Red Cat Holdings, Inc., trading on NASDAQ under the symbol RCAT, with the company's address listed as 2800 S West Temple, Suite 5, South Salt Lake, Utah 84115.

What Was Disclosed

Director Paul Funk II disclosed the acquisition of two RSU grants totaling 23,683 units in Red Cat Holdings, Inc. on October 28, 2026, with vesting dates of November 15, 2026 and January 15, 2027, respectively, and shares deliverable within 73 days of each vesting date.