Red Cat Holdings Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:BQ73 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
29 Sep 25	Sell€92,997	Christopher Moe	Individual	10,000	€9.30
12 Sep 25	Sell€428,271	Christopher Moe	Individual	50,000	€9.35
21 Aug 25	Sell€215,757	Christopher Moe	Individual	26,833	€8.25
21 May 25	Sell€1,825	Nicholas Liuzza	Individual	309	€5.91
30 Dec 24	Sell€1,037,820	Nicholas Liuzza	Individual	80,000	€12.97
30 Dec 24	Sell€651,866	Joseph Freedman	Individual	50,000	€13.72
26 Dec 24	Sell€2,344,667	Jeffrey Thompson	Individual	209,456	€13.41
26 Dec 24	Sell€2,341,352	Nicholas Liuzza	Individual	220,000	€13.37
26 Dec 24	Sell€5,077,075	George Matus	Individual	381,584	€14.09
20 Dec 24	Sell€497,699	Joseph Freedman	Individual	52,228	€9.60
20 Dec 24	Sell€2,739,747	George Matus	Individual	287,113	€9.54
20 Dec 24	Sell€799,554	Geoffrey Hitchcock	Individual	82,137	€9.73
18 Dec 24	Sell€989,333	George Matus	Individual	112,686	€8.78
18 Dec 24	Sell€1,841,013	Nicholas Liuzza	Individual	228,928	€8.04
18 Dec 24	Sell€4,768,828	Leah Lunger	Individual	524,798	€9.10

Insider Trading Volume

Insider Buying: BQ73 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of BQ73?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	13,911,889	11.8%
Institutions	28,118,353	23.8%
General Public	75,979,993	64.4%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 56.5%.

Top Shareholders

Top 25 shareholders own 31.39% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11%	Jeffrey Thompson	12,917,977	€163.1m	3.61%	no data
4.28%	BlackRock, Inc.	5,048,310	€63.7m	365%	no data
3.24%	The Vanguard Group, Inc.	3,825,448	€48.3m	42%	no data
1.76%	State Street Global Advisors, Inc.	2,080,523	€26.3m	-0.47%	no data
1.73%	AWM Investment Company Inc	2,037,616	€25.7m	15.3%	2.32%
1.42%	Morgan Stanley	1,672,061	€21.1m	238%	no data
1.4%	Geode Capital Management, LLC	1,656,720	€20.9m	143%	no data
1.35%	Susquehanna International Group, LLP	1,587,791	€20.0m	44.7%	0.03%
0.7%	CapFinancial Partners, LLC	820,279	€10.4m	31%	0.02%
0.47%	Northern Trust Global Investments	554,471	€7.0m	388%	no data
0.47%	Verition Fund Management LLC	552,339	€7.0m	742%	0.04%
0.44%	Mirae Asset Global Investments Co., Ltd.	517,061	€6.5m	126%	0.01%
0.39%	UBS Asset Management AG	463,021	€5.8m	4.67%	no data
0.34%	Tudor Investment Corporation	406,911	€5.1m	0%	0.04%
0.33%	Nicholas Liuzza	387,445	€4.9m	1.67%	no data
0.27%	Apis Capital Advisors, LLC	315,800	€4.0m	-53.7%	1.23%
0.26%	National Bank Investments Inc.	312,400	€3.9m	-61.7%	no data
0.24%	Moors & Cabot, Inc.	280,825	€3.5m	65.6%	0.17%
0.23%	Citadel Advisors LLC	272,588	€3.4m	693%	no data
0.22%	ExodusPoint Capital Management, LP	259,502	€3.3m	-40.3%	0.04%
0.2%	XTX Markets Limited	237,927	€3.0m	511%	0.13%
0.19%	Charles Schwab Investment Management, Inc.	218,543	€2.8m	627%	no data
0.17%	Geoffrey Hitchcock	204,987	€2.6m	515%	no data
0.17%	The Goldman Sachs Group, Inc.	204,851	€2.6m	-23%	no data
0.17%	LPL Financial LLC	202,565	€2.6m	204%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/10 22:47
End of Day Share Price	2025/10/10 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Red Cat Holdings, Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Glenn Mattson	Ladenburg Thalmann & Company
Austin Bohlig	Needham & Company
Michael Latimore	Northland Capital Markets