Red Cat Holdings, Inc.

Rule 10b5-1 Trading Plans

On March 31, 2026, Jeff Thompson, the Company's CEO, adopted a written trading plan (the “Plan”) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. The Plan is designed to permit the orderly disposition of a portion of his holdings of the Company’s common stock over a specified period, subject to certain price, volume, and timing parameters. The Plan was adopted during an open trading window and at a time when Mr. Thompson was not aware of any material nonpublic information regarding the Company.

The Plan provides for the potential sale of up to 1,800,000 shares of the Company’s common stock, subject to the terms and conditions set forth therein, including applicable cooling-off periods and compliance with Rule 10b5-1. Transactions under the Plan, if any, will be disclosed publicly through filings with the Securities and Exchange Commission in accordance with applicable securities laws, including Section 16 reporting requirements.

During the three months ended March 31, 2026, no other officer or director other than Mr. Thompson adopted orterminated any contract, instruction or written plan for the purchase or sale of Company securities that would be intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement."

The Company does not undertake any obligation to update or modify this disclosure, except as required by law.

Cash Bonus

On April 6, 2026, the Compensation Committee of the Board approved a cash bonus in the amount of $167,700 for Jeffrey Thompson for fiscal year 2025.