CFO Lunger sells entire 524,798-share stake (2 transactions) for $4,997,200.14 total
Lunger Leah, Chief Financial Officer of Red Cat Holdings, executed 2 separate sales on 2024-12-18, disposing of 524,798 shares (100.0% of her pre-transaction holdings) at blended average price $9.52. The complete elimination of her equity position is notable given that the stock has rallied +68.8% over 30 days and +243.4% over 90 days, suggesting significant recent momentum. Red Cat is unprofitable (full-year net income was negative) and currently trades at $10.75, with annual revenue growth of +80.0% indicating operational scale-up despite losses. A complete insider share liquidation—particularly by a CFO—amid strong near-term price appreciation and persistent unprofitability merits close examination of underlying business trajectory and confidence signals.