Jeffrey M. Thompson, an insider of Red Cat Holdings, Inc. (RCAT), reported the sale of 150,000 shares of the company’s common stock on July 15, 2026. The shares were sold at a weighted average price of $8.51 per share, implying total gross proceeds of approximately $1.28 million before any commissions, fees, or taxes. The filing notes that the sale was carried out under a Rule 10b5-1 trading plan that Thompson adopted on March 31, 2026. Such plans allow insiders to schedule trades in advance under pre-set conditions, which can help reduce concerns that the trades were made on the basis of material nonpublic information. The reported $8.51 price was a weighted average, not a single execution price. According to the explanatory note, the shares were sold in multiple transactions at prices ranging from $8.18 to $9.04 per share. Thompson stated that detailed information about the number of shares sold at each price within that range has been provided to Red Cat Holdings and will be made available to the company’s security holders or SEC staff upon request. The filing text identifies the transaction as a sale of common stock but does not provide Thompson’s beneficial ownership after the transaction in the excerpt provided. The Form 4 was signed by Jeffrey M. Thompson on July 16, 2026, one day after the reported transaction date.