---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-24-000154"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2024-06-14T23:59:59+00:00"
generated_at: "2026-06-01T04:28:47.921067+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Red Cat appoints Leah Lunger as CFO with $230K salary, 900K RSU initial grant

## Summary
- Base salary of $230,000 per year; eligible for annual bonus up to 50% of base salary.
- One-time equity award of 900,000 restricted stock units; 150,000 vest immediately, remainder over 6 quarters and upon timely filing of annual report.
- Employment term through June 10, 2026, with automatic one-year renewals unless notice given.
- Severance benefits include 12 months salary, accelerated vesting, COBRA coverage upon qualifying termination.
- Agreement includes clawback policy and good reason termination provisions.

## SEC filing metadata
- accession: 0001554795-24-000154
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2024-06-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479524000154/0001554795-24-000154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479524000154/rcat0614form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-24-000154
- JSON: https://secwatch.observer/filing/0001554795-24-000154.json
- Plain text: https://secwatch.observer/filing/0001554795-24-000154.txt

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