Red Cat Holdings, Inc.: insider trades · United States · SEC (Form 4)

About Red Cat Holdings, Inc.

Red Cat Holdings, Inc. (ticker: RCAT) is a U.S.-based company listed on the Nasdaq in the United States, focused on drone and robotics solutions for defense, national security, government users, and selected commercial applications. For French-speaking investors in Europe, it is best understood as a specialist small-cap defense technology company operating at the intersection of unmanned aerial systems, embedded software, autonomy, and multi-domain robotics. The company was originally incorporated in 1984, but its current identity is the result of a strategic pivot into drones that began in 2016, followed by a series of acquisitions and portfolio restructurings. Red Cat broadened its capabilities through the acquisition of Teal Drones in 2021 and later moved to acquire FlightWave Aerospace Systems, a VTOL drone and sensor platform provider, in 2024. Recent company communications describe its operational base in Salt Lake City, Utah, while older filings and disclosures reflect prior connections to San Juan, Puerto Rico. Red Cat’s core business is centered on American-made drone platforms built for reconnaissance, surveillance, inspection, public safety, and tactical defense missions. Its most visible product families include Teal drones such as Black Widow, which has been associated with the U.S. Army’s Short Range Reconnaissance program, and FlightWave’s Edge 130 Blue, a compact VTOL system designed for portable deployment and for use in maritime or littoral environments. The company is increasingly positioning itself not just as a hardware vendor, but as a platform provider combining drones, mission software, AI-enabled functions, and interoperability across air, land, and sea operations. Recent partnerships have emphasized autonomous capabilities, visual navigation, voice control, and broader mission-system integration. From a competitive standpoint, Red Cat is not a large prime contractor, but it has carved out a clear niche in the small tactical drone segment. That niche is strategically important because it aligns with procurement trends favoring lightweight, rapidly deployable, sovereign, and software-defined systems. Red Cat’s differentiation lies in its U.S.-manufactured products, modular architecture, and ability to serve both domestic government customers and allied international buyers. Its competitive set includes other defense drone specialists as well as broader aerospace and robotics players, but Red Cat’s focus is narrower and more mission-specific. Recent highlights include new orders for Edge 130 drones from U.S. government agencies, contract awards with NATO allied countries, ongoing AI integration into its drone stack, and continued manufacturing scale-up in 2025 and 2026. Management has also highlighted strong customer engagement and increasing momentum in defense-related programs. In investor terms, RCAT remains a growth-oriented, higher-risk defense technology name, leveraged to U.S. defense spending, allied procurement, and the adoption of next-generation autonomous systems in military and national-security applications.