CEO Thompson sells 500,000 shares (3 sales totaling $5.7M) near 52-week high as stock surges 423.8% in 90 days
Thompson Jeffrey M, Chairman and CEO, executed three separate sales totaling 500,000 shares for $5,737,057.24 between December 23-26, 2024, at an average price of $11.47 per share. The sales occur as RCAT stock has climbed to its 52-week high of $13.41 (+423.8% over 90 days and +60.4% over 30 days), representing a sharp acceleration in valuation despite fundamental challenges: the company reported revenue of $1,534,727.00 in its latest quarter and negative net income of $-13,334,618.00, with the company unprofitable over its most recent full fiscal year. Thompson's post-transaction holdings of 13,014,449 shares remain substantial (3.7% reduction from pre-transaction 13,514,449 shares), preserving significant founder alignment, yet the timing during a steep rally against a backdrop of ongoing losses presents a notable divergence between insider action and the equity narrative driving the stock's recent momentum.