CEO Jeffrey Thompson Settles Forward Contract, Sells $1.16M Under 10b5-1 Plan
RCAT sits 23% above its 52-week low of $5.77.
Summary
CEO Jeffrey Thompson settled a 750,000-share forward contract and sold 150,000 shares for $1.16 million under a 10b5-1 plan, while disclosing a second forward contract covering up to 1.5 million shares.
Key Events · Ownership and Investor Activity · RCAT
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Forward Contract Settlement
Thompson delivered all 750,000 pledged shares on September 15, 2026, at the $9.14 forward floor price, completing the September 2025 variable prepaid forward contract.
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Open-Market Sale
Thompson sold 150,000 shares at a weighted average price of $7.74 for total proceeds of $1,161,000 under a Rule 10b5-1 plan adopted March 31, 2026.
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Second Forward Contract Disclosed
A January 2026 forward contract covers up to 1,500,000 shares with a January 25, 2027 settlement date; Thompson can elect cash settlement to retain the shares.
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CEO Economic Exposure Reduced
The settlement and sale reduce Thompson's direct holdings to 11,712,202 shares, with the second forward contract creating potential future delivery of up to 1.5 million additional shares.
Analysis · RCAT · Technology
On September 15, 2026, Red Cat CEO Jeffrey Thompson settled a variable prepaid forward contract by delivering all 750,000 pledged shares at the $9.14 forward floor price. The same day, he sold 150,000 shares for $1.16 million under a pre-existing Rule 10b5-1 plan. The filing also reveals a second forward contract covering up to 1.5 million shares with a January 2027 settlement date, which Thompson can elect to settle in cash. The combined effect is a meaningful reduction in the CEO's economic exposure, though the forward contracts were previously disclosed and the open-market sale is part of a scheduled plan.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.4% of the 1637 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RCAT was trading at $7.12 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $5.77 to $18.78. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.