---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-24-000141"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T13:43:58.191007+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Red Cat enters new employment agreement with CTO George Matus, includes 600K RSU grant

## Summary
- Annual base salary of $230,000; eligible for annual bonus up to 50% of salary ($115,000).
- Receives one-time award of 600,000 time-based RSUs: 150,000 vest immediately, 75,000 per quarter for six quarters.
- Performance award of 300,000 shares contingent on production award from a specified customer.
- Agreement term through May 10, 2026, with automatic one-year renewals unless either party gives 3 months' notice.
- If terminated without cause or for good reason, severance includes 12 months' salary, accelerated vesting, and COBRA for 6 months.

## SEC filing metadata
- accession: 0001554795-24-000141
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479524000141/0001554795-24-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479524000141/rcat0517form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-24-000141
- JSON: https://secwatch.observer/filing/0001554795-24-000141.json
- Plain text: https://secwatch.observer/filing/0001554795-24-000141.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.