Red Cat Holdings Director Sells Shares Worth $552,500
Nicholas Reyland Liuzza Jr., a director of Red Cat Holdings (NASDAQ: RCAT), sold 65,000 shares for $552,500 on August 28, 2026. The sale occurred at an average price of $8.50 per share and was reported via SEC Form 4. Following the transaction, Liuzza retained approximately 424,874 shares valued at around $3.6 million as of market close on August 28. Red Cat Holdings operates in the drone industry, providing unmanned aerial vehicle technology for commercial and government sectors such as reconnaissance and public safety. The company has a current share price of $8.59 (as of Aug. 31), with a market capitalization of $1.2 billion and trailing twelve-month revenue of $71.5 million. While the sale may raise questions, analysts suggest it appears to be routine given that Liuzza still holds a significant stake in the company.
Tickers: $RCAT
Topics: insider activity SEC Form 4 stock sale