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      <filer>
        <filerCredentials>
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          <ccc>XXXXXXXX</ccc>
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      <liveTestFlag>LIVE</liveTestFlag>



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    <issuerInfo>
      <issuerCik>0000748268</issuerCik>
      <issuerName>Red Cat Holdings, Inc.</issuerName>
      <secFileNumber>001-40202</secFileNumber>
      <issuerAddress>
        <com:street1>15 AVE. MUNOZ RIVERA</com:street1>
        <com:street2>STE 2200</com:street2>
        <com:city>SAN JUAN</com:city>
        <com:stateOrCountry>PR</com:stateOrCountry>
        <com:zipCode>00901-2510</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>833-373-3228</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Thompson Jeffrey M</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Charles Schwab Corporation</name>
        <address>
          <com:street1>3000 Schwab Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>500000</noOfUnitsSold>
      <aggregateMarketValue>5375000.00</aggregateMarketValue>
      <noOfUnitsOutstanding>80160782</noOfUnitsOutstanding>
      <approxSaleDate>12/23/2024</approxSaleDate>
      <securitiesExchangeName>Nasdaq</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>05/15/2019</acquiredDate>
      <natureOfAcquisitionTransaction>Exchange transaction of Founders shares</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>196667</amountOfSecuritiesAcquired>
      <paymentDate>05/15/2019</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>08/01/2019</acquiredDate>
      <natureOfAcquisitionTransaction>Exchange transaction of Founders shares</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>303333</amountOfSecuritiesAcquired>
      <paymentDate>08/01/2019</paymentDate>
      <natureOfPayment>Equity Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>12/23/2024</noticeDate>
      <signature>Jeffrey M Thompson</signature>
    </noticeSignature>
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144
0001397565
XXXXXXXX
LIVE
0000748268
Red Cat Holdings, Inc.
001-40202
15 AVE. MUNOZ RIVERA
STE 2200
SAN JUAN
PR
00901-2510
833-373-3228
Thompson Jeffrey M
Officer
Common
Charles Schwab Corporation
3000 Schwab Way
Westlake
TX
76262
500000
5375000.00
80160782
12/23/2024
Nasdaq
Common
05/15/2019
Exchange transaction of Founders shares
Issuer
N
196667
05/15/2019
Equity Compensation
Common
08/01/2019
Exchange transaction of Founders shares
Issuer
N
303333
08/01/2019
Equity Compensation
Y
12/23/2024
Jeffrey M Thompson