Director Joseph David Freedman filed a Form 4 with the SEC on October 30, 2026, disclosing the acquisition of two tranches of restricted stock units in Red Cat Holdings, Inc. (NASDAQ:RCAT) on October 28, 2026.

Key Highlights

  • Reporting person: Joseph David Freedman, director of Red Cat Holdings, Inc.
  • First RSU tranche: 13,533 restricted stock units acquired on October 28, 2026, at a price of $0, vesting November 15, 2026.
  • Second RSU tranche: 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 directly from the first grant and 10,150 directly from the second grant, both held directly.
  • Underlying security: Each restricted stock unit represents a contingent right to receive one share of RCAT common stock, with shares delivered within 73 days of each vesting date.

RSU Grant Details for Director Freedman at Red Cat Holdings

According to the filing, Joseph David Freedman, a director at Red Cat Holdings, Inc., reported the acquisition of two separate tranches of restricted stock units on October 28, 2026. Both tranches were acquired under transaction code "A" (acquired) at a price of $0, and both are held directly by the reporting person.

The first tranche consists of 13,533 restricted stock units. The filing states that "each restricted stock unit represents a contingent right to receive one share of RCAT common stock," with those units scheduled to vest on November 15, 2026, and the underlying shares to be delivered within 73 days of that vesting date. The second tranche consists of 10,150 restricted stock units under the same terms, except that vesting is scheduled for January 15, 2027, with share delivery also within 73 days of vesting.

Following both reported transactions, the filing discloses that Freedman beneficially owns 13,533 units from the first grant and 10,150 units from the second grant, for a combined total of 23,683 restricted stock units, all classified as direct ownership. No shares of common stock were reported in Table I (non-derivative securities) in connection with these transactions.

What Was Disclosed

Director Joseph David Freedman disclosed the acquisition of two RSU tranches 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, each convertible into one share of RCAT common stock.