Red Cat Holdings increases director compensation and grants 1M stock options to CEO

Red Cat Holdings, Inc.

Director annual cash stipend increased from $50K to $75K; equity from $75K to $125K in RSUs.
CEO Jeffrey Thompson receives 1,000,000 stock options (exercise price = May 22, 2025 close), vesting in 12 months, expiring in 10 years.
CEO awarded $125K one-time discretionary bonus for closing a registered direct offering; vehicle provided up to $1K/month.
Committee chair stipends increased: Compensation Chair from $10K to $17.5K, Nominating Chair from $10K to $15K.
New director compensation plan effective May 1, 2025 to Dec 31, 2025; RSUs vest April 30, 2026.

item 5.02

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