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Red Cat Holdings, Inc. (RCAT)

USD8.69 +0.31 (+3.70%)
US NASDAQ Technology Computer Hardware
Address 15 Avenue Munoz Rivera 901
San Juan, PR, US
CEO Jeffrey Thompson
IPO 2002-01-16
CIK 748268 ISIN US75644T1007

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Description

Red Cat Holdings, Inc. (RCAT) operates as a multifaceted provider within the drone industry, offering a comprehensive suite of products, services, and innovative solutions. The company develops and supplies unmanned aerial vehicle (UAV) technology tailored for both commercial and government sectors, addressing critical applications such as reconnaissance, public safety, and detailed inspection. Its product portfolio also includes immersive First Person View (FPV) video goggles, alongside specialized software and hardware designed to enable drones to perform inspection tasks even in environments where global positioning systems are inaccessible. Furthermore, Red Cat Holdings actively markets and sells FPV drones and related equipment, predominantly serving the consumer marketplace. The company's operations are headquartered in San Juan, Puerto Rico.

News Sentiment (7d)
22 Negative

Based on only 1 article — low confidence

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD8.69 +0.31 (+3.70%)
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Volume Profile
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Liquidity & share structure
Average Volume
14M
Beta
1.30
Float Shares
87.22M
Free Float %
88.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.96% +5.35% -10.83% -1.96% +28.86% +39.09% +79.35% +921.30% +215.14% -97.70% -100.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Buy
Price Targets & DCF
Current price
8.69
Low 12.00 +38.1%
Consensus 17.00 +95.6%
Median 17.00 +95.6%
High 22.00 +153.2%
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year 5
16.40
+88.7%
All Time 5
16.40
+88.7%
Quality scores
Altman Z-Score
14.40
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Computer Hardware: +13.3%
    +459.8% Q1'26: +849.3% (vs Q1'25)
  • EPS growth Computer Hardware: +25.2%
    +29.4% Q1'26: +18.5% (vs Q1'25)
  • FCF margin FCF growth · Computer Hardware: +24.2%
    -256.9% Q1'26: -250.3% (vs Q1'25)
  • EBIT margin Computer Hardware: +5.6%
    -163.5% Q1'26: -180.0% (vs Q1'25)
  • ROIC Computer Hardware: +5.3%
    -69.1% Q1'26: -92.3% (vs Q1'25)
  • Share dilution Computer Hardware: +0.0%
    +55.0% Q1'26: +41.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Computer Hardware: -0.55×
    -0.29× Q1'26: -0.13× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.22) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 8.69
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Revenue
5.00M
est: 8.52M (-41.3%)
6.43M
est: 11.91M (-46.0%)
4.62M
est: 18.86M (-75.5%)
17.84M
est: 24.72M (-27.8%)
7.28M
est: 38.11M (-80.9%)
40.73M
est: 38.11M (+6.9%)
152.09M
152.09M – 152.09M
+299.1% YoY
EBITDA
-11.98M
est: -8.35M (-43.5%)
-11.28M
est: -11.67M (+3.3%)
-22.54M
est: -18.48M (-22.0%)
-16.04M
est: -24.22M (+33.8%)
-36.50M
est: -37.34M (+2.2%)
-64.33M
est: -37.34M (-72.3%)
-149.03M
-149.03M – -149.03M
-299.1% YoY
EBIT
-12.01M
est: -8.48M (-41.6%)
-11.54M
est: -11.86M (+2.7%)
-23.51M
est: -18.79M (-25.2%)
-17.46M
est: -24.61M (+29.0%)
-38.62M
est: -37.95M (-1.8%)
-66.60M
est: -37.95M (-75.5%)
-151.46M
-151.46M – -151.46M
-299.1% YoY
Net Income
-13.24M
est: -18.49M (+28.4%)
-11.69M
est: -26.96M (+56.6%)
-28.11M
est: -52.09M (+46.0%)
-24.05M
est: -59.72M (+59.7%)
-65.42M
est: -85.10M (+23.1%)
-72.08M
est: -85.10M (+15.3%)
13.14M
13.14M – 13.14M
+115.4% YoY
SGA
4.84M
est: 18.19M (-73.4%)
9.97M
est: 25.43M (-60.8%)
16.82M
est: 41.27M (-59.3%)
15.25M
est: 54.07M (-71.8%)
26.67M
est: 83.37M (-68.0%)
49.98M
est: 83.37M (-40.0%)
332.71M
332.71M – 332.71M
+299.1% YoY
EPS
-0.56
est: -0.24 (-133.3%)
-0.24
est: -0.35 (+31.4%)
-0.49
est: -0.44 (-12.4%)
-0.40
est: -0.50 (+20.0%)
-0.85
est: -0.72 (-18.5%)
-0.60
est: -0.72 (+16.4%)
0.11
0.11 – 0.11
+115.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-08 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-07 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-06 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-05 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-04 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-01 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-04-30 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-04-29 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-28 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-27 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-24 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-23 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-22 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-21 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-20 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-17 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-16 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-04-15 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-83.56M
OE per share TTM
-0.83
Owner's Yield
-6.15%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
41.2%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
77
Total invested
25.22M
Insider transactions (90d)
4
Beneficial owners (>5%)
26
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Jeffrey M. Thompson 14.57B 55.23% 14.57B 14.57B 10.00 IN 6.  Citizenship or Place of Organization 2019-05-16
2 John M. Wise 323.58M 70.10% 323.58M 323.58M 10.00 IN 6.  Citizenship or Place of Organization 2016-09-23
3 Stockbridge Enterprises, L.P. 63.24M 14.20% 63.24M PN Nevada 2016-09-23
4 Hudson Bay Capital Management, L.P. 5.82M 1.33% 13.00 5.82M PN Delaware 2017-01-30
5 Gregory French 5.34M 21.00% 5.34M 5.34M 10.00 IN OR PLACE OF ORGANIZATION 2020-11-12
6 27-4413262 5.28M 7.40% 5.28M 5.28M OO Maryland 2023-12-08
7 Identification Nos. of above persons (. 5.28M 7.40% 5.28M 5.28M IN Maryland 2023-12-08
8 AWM Investment Company, Inc. 5.00M 6.70% 5.00M 5.00M Delaware, United States 2024-02-14
9 Red Cat Holdings, Inc. 4.25M 48.80% 4.25M 4.25M CO 2024-02-22
10 Lou Werner III 2.85M 6.20% 2.85M 2.85M 10.00 IN or Place of Organization 2017-03-27
11 WWOD Holdings LLC 2.70M 9.99% 1.20M 1.20M IV, OO New York 2016-09-02
12 ASHER ENTERPRISES, INC. 2.28M 9.99% 2.28M 2.28M CO Delaware 2015-06-15
13 Edward Sheinwald 2.28M 9.99% 2.28M IN Delaware 2016-06-14
14 Jano Capital, LLC 2.28M 9.99% 2.28M PN Delaware 2016-06-14
15 Brains Riding in Tanks, LLC 2.00M 11.80% 2.00M 2.00M OO Ohio 2021-02-17
16 Thomas Walsh 1.12M 2.49% 1.12M IN United States 2017-02-14
17 Cavalry Fund I LP 514.7K 3.00% 514.7K OO United States 2020-02-20
18 Joseph Michael King 127.2K 11.41% 127.2K 127.2K IN United States 2014-09-26
19 Timothy J. Connolly 120.0K 7.95% 120.0K 120.0K IN United States 2014-10-31
20 CVI Investments, Inc. 0.00% CO Cayman Islands 2022-02-14
21 Empery Asset Management, LP 0.00% PN Delaware 2022-01-13
22 Heights Capital Management, Inc. 0.00% CO Delaware 2022-02-14
23 Hudson Bay Capital Management LP 0.00% PN United States 2019-01-31
24 Martin D. Hoe 0.00% IN Delaware 2022-01-13
25 Ryan M. Lane 0.00% IN Delaware 2022-01-13
26 Sander Gerber 0.00% IN United States 2019-01-31

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
77
-154 vs prev Q
New positions
29
Closed positions
169
Increased
54
Reduced
10
Put/Call ratio
0.99
Calls held
112.1K
Puts held
110.6K
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 BLACKROCK, INC. 8.89M +2.1M (+30.1%) 70.52M -225.7K (-0.3%) 8.93% +1.443 pp 0.00% +0.000 pp USD8.21 -3.4% 6 qtrs
2 STATE STREET CORP 6.61M +3.8M (+136.4%) 52.43M +23.5M (+81.1%) 6.64% +3.577 pp 0.00% +0.001 pp USD9.33 -15.0% 18 qtrs
3 VANGUARD GROUP INC 6.00M +493.7K (+9.0%) 47.58M -9.4M (-16.5%) 6.03% -0.006 pp 0.00% 0.000 pp USD6.52 +21.6% 19 qtrs
4 GEODE CAPITAL MANAGEMENT, LLC 2.52M +298.0K (+13.4%) 19.99M -3.0M (-13.1%) 2.53% +0.097 pp 0.00% 0.000 pp USD6.69 +18.5% 19 qtrs
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.35M +1.1M (+82.7%) 18.65M +5.3M (+40.0%) 2.36% +0.952 pp 0.00% +0.001 pp USD10.01 -20.8% 9 qtrs
6 MORGAN STANLEY 1.43M +477.8K (+50.1%) 11.36M +1.5M (+15.0%) 1.44% +0.393 pp 0.00% +0.000 pp USD7.81 +1.5% 18 qtrs
7 AMERIPRISE FINANCIAL INC 1.40M +1.4M (+100.0%) 11.14M +11.1M (+100.0%) 1.41% +1.410 pp 0.00% +0.003 pp USD7.93 +0.0% 1 qtrs NEW
8 CAPTRUST FINANCIAL ADVISORS 1.19M +188.4K (+18.7%) 9.47M -939.6K (-9.0%) 1.20% +0.098 pp 0.02% -0.003 pp USD9.06 -12.5% 5 qtrs
9 CENTERBOOK PARTNERS LP 1.11M +1.0M (+1,872.4%) 8.76M +8.2M (+1,411.2%) 1.11% +1.048 pp 0.43% +0.400 pp USD8.05 -1.5% 2 qtrs
10 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 1.06M +328.3K (+44.9%) 8.41M +832.3K (+11.0%) 1.06% +0.263 pp 0.01% +0.001 pp USD8.72 -9.1% 5 qtrs
11 AWM INVESTMENT COMPANY, INC. 1.01M -275.0K (-21.4%) 8.02M -5.3M (-39.8%) 1.02% -0.393 pp 0.77% -0.474 pp USD1.74 +355.7% 9 qtrs
12 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 865.0K +62.2K (+7.8%) 6.86M -1.4M (-17.4%) 0.87% -0.011 pp 0.00% 0.000 pp USD9.36 -15.3% 16 qtrs
13 NATIONAL BANK OF CANADA /FI/ 863.7K -3.2K (-0.4%) 6.85M -2.1M (-23.7%) 0.87% -0.082 pp 0.01% -0.003 pp USD8.74 -9.3% 4 qtrs
14 NORTHERN TRUST CORP 776.0K +51.9K (+7.2%) 6.15M -1.3M (-17.9%) 0.78% -0.014 pp 0.00% 0.000 pp USD7.28 +8.9% 19 qtrs
15 JANE STREET GROUP, LLC 652.5K +635.3K (+3,703.3%) 5.17M +5.0M (+2,814.0%) 0.66% +0.636 pp 0.00% +0.001 pp USD7.99 -0.8% 8 qtrs
16 UBS GROUP AG 580.1K +158.9K (+37.7%) 4.60M +240.4K (+5.5%) 0.58% +0.121 pp 0.00% +0.000 pp USD7.24 +9.5% 19 qtrs
17 CITADEL ADVISORS LLC 444.2K -997.9K (-69.2%) 3.52M -11.4M (-76.4%) 0.45% -1.134 pp 0.00% -0.002 pp USD9.74 -18.6% 4 qtrs
18 PEAK6 LLC 405.7K +95.9K (+31.0%) 3.22M +10.8K (+0.3%) 0.41% +0.068 pp 0.01% +0.001 pp USD9.78 -18.9% 2 qtrs
19 LPL FINANCIAL LLC 372.2K +75.2K (+25.3%) 2.95M -122.3K (-4.0%) 0.37% +0.049 pp 0.00% 0.000 pp USD8.88 -10.7% 6 qtrs
20 WELLS FARGO & COMPANY/MN 360.4K +205.8K (+133.1%) 2.86M +1.3M (+78.6%) 0.36% +0.193 pp 0.00% +0.000 pp USD7.76 +2.2% 18 qtrs
21 WALLEYE CAPITAL LLC 330.2K +281.2K (+573.9%) 2.62M +2.1M (+416.3%) 0.33% +0.278 pp 0.01% +0.006 pp USD7.72 +2.7% 4 qtrs
22 GOLDMAN SACHS GROUP INC 279.1K -80.1K (-22.3%) 2.21M -1.5M (-40.5%) 0.28% -0.113 pp 0.00% 0.000 pp USD10.97 -27.7% 5 qtrs
23 BANK OF NEW YORK MELLON CORP 263.6K +13.2K (+5.3%) 2.09M -501.0K (-19.3%) 0.26% -0.010 pp 0.00% 0.000 pp USD8.38 -5.4% 3 qtrs
24 ROYAL BANK OF CANADA 248.1K +56.7K (+29.6%) 1.97M -12.0K (-0.6%) 0.25% +0.040 pp 0.00% +0.000 pp USD9.13 -13.1% 5 qtrs
25 EXODUSPOINT CAPITAL MANAGEMENT, LP 237.4K +47.5K (+25.0%) 1.90M -63.9K (-3.3%) 0.24% +0.030 pp 0.01% -0.005 pp USD7.76 +2.2% 3 qtrs
26 INVESCO LTD. 237.0K +63.1K (+36.3%) 1.88M +79.4K (+4.4%) 0.24% +0.048 pp 0.00% +0.000 pp USD8.48 -6.5% 5 qtrs
27 HEADLANDS TECHNOLOGIES LLC 223.4K +223.4K (+100.0%) 1.77M +1.8M (+100.0%) 0.22% +0.224 pp 0.15% +0.148 pp USD7.93 +0.0% 1 qtrs NEW
28 NUVEEN, LLC 222.5K +36.6K (+19.7%) 1.76M -159.6K (-8.3%) 0.22% +0.020 pp 0.00% +0.000 pp USD7.63 +3.9% 3 qtrs
29 EVR RESEARCH LP 215.0K +215.0K (+100.0%) 1.70M +1.7M (+100.0%) 0.22% +0.216 pp 0.92% +0.920 pp USD7.93 +0.0% 1 qtrs NEW
30 SWISS NATIONAL BANK 209.5K +7.3K (+3.6%) 1.66M -431.4K (-20.6%) 0.21% -0.011 pp 0.00% 0.000 pp USD10.27 -22.8% 2 qtrs
31 MOORS & CABOT, INC. 205.0K -2.2K (-1.1%) 1.63M -518.6K (-24.2%) 0.21% -0.021 pp 0.07% -0.024 pp USD7.51 +5.6% 5 qtrs
32 CONCENTRIC CAPITAL STRATEGIES, LP 204.7K +204.7K (+100.0%) 1.62M +1.6M (+100.0%) 0.21% +0.206 pp 0.08% +0.078 pp USD7.93 +0.0% 1 qtrs NEW
33 WALLEYE TRADING LLC 203.2K -36.4K (-15.2%) 1.61M -868.5K (-35.0%) 0.20% -0.058 pp 0.00% -0.002 pp USD8.76 -9.5% 4 qtrs
34 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 167.1K +1.1K (+0.7%) 1.53M -187.0K (-10.9%) 0.17% -0.014 pp 0.00% 0.000 pp USD11.25 -29.5% 5 qtrs
35 RAYMOND JAMES FINANCIAL INC 182.0K -170.1K (-48.3%) 1.44M -2.2M (-60.4%) 0.18% -0.203 pp 0.00% -0.001 pp USD9.73 -18.5% 5 qtrs
36 JPMORGAN CHASE & CO 181.4K +119.2K (+191.8%) 1.44M +795.1K (+123.6%) 0.18% +0.114 pp 0.00% +0.000 pp USD8.16 -2.8% 4 qtrs
37 CAPTION MANAGEMENT, LLC 175.0K -173.3K (-49.8%) 1.39M -2.2M (-61.5%) 0.18% -0.206 pp 0.01% -0.019 pp USD10.35 -23.4% 2 qtrs
38 WADDELL & ASSOCIATES, LLC 174.8K +9.5K (+5.7%) 1.39M -324.6K (-19.0%) 0.18% -0.006 pp 0.09% -0.052 pp USD12.58 -37.0% 5 qtrs
39 CITIGROUP INC 174.4K +164.9K (+1,741.3%) 1.38M +1.3M (+1,310.8%) 0.18% +0.165 pp 0.00% +0.001 pp USD7.89 +0.5% 6 qtrs
40 BARCLAYS PLC 172.5K +163.7K (+1,862.6%) 1.37M +1.3M (+6,027.2%) 0.17% +0.164 pp 0.00% +0.000 pp USD7.95 -0.3% 6 qtrs
41 MARINER, LLC 165.9K +143.8K (+651.9%) 1.32M +1.1M (+476.3%) 0.17% +0.142 pp 0.00% +0.001 pp USD8.01 -1.0% 3 qtrs
42 ERSTE ASSET MANAGEMENT GMBH 164.6K +137.0K (+496.7%) 1.29M +1.0M (+358.7%) 0.17% +0.135 pp 0.01% +0.008 pp USD8.34 -4.9% 2 qtrs
43 UBS ASSET MANAGEMENT AMERICAS INC 145.3K +27.9K (+23.7%) 1.15M -63.4K (-5.2%) 0.15% +0.017 pp 0.00% +0.000 pp USD9.89 -19.8% 2 qtrs
44 BANK OF AMERICA CORP /DE/ 139.2K +72.1K (+107.5%) 1.10M +409.7K (+59.0%) 0.14% +0.066 pp 0.00% +0.000 pp USD7.50 +5.7% 17 qtrs
45 GRANAHAN INVESTMENT MANAGEMENT, LLC 132.6K +132.6K (+100.0%) 1.05M +1.1M (+100.0%) 0.13% +0.133 pp 0.05% +0.045 pp USD7.93 +0.0% 1 qtrs NEW
46 GROUP ONE TRADING, L.P. 129.5K +57.6K (+80.2%) 1.03M +283.2K (+38.1%) 0.13% +0.051 pp 0.00% +0.001 pp USD9.27 -14.5% 2 qtrs
47 VIDENT ADVISORY, LLC 127.3K +127.3K (+100.0%) 1.01M +1.0M (+100.0%) 0.13% +0.128 pp 0.01% +0.009 pp USD7.93 +0.0% 1 qtrs NEW
48 CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. 122.4K +77.7K (+173.8%) 970.0K +507.0K (+109.5%) 0.12% +0.074 pp 0.00% +0.001 pp USD7.75 +2.3% 9 qtrs
49 RHUMBLINE ADVISERS 113.2K -1.4K (-1.2%) 897.5K -288.3K (-24.3%) 0.11% -0.012 pp 0.00% 0.000 pp USD7.47 +6.2% 3 qtrs
50 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 103.2K +25.7K (+33.1%) 818.5K +15.9K (+2.0%) 0.10% +0.019 pp 0.00% +0.000 pp USD9.61 -17.5% 3 qtrs
51 KORNITZER CAPITAL MANAGEMENT INC /KS 100.4K +15.4K (+18.1%) 796.4K -83.4K (-9.5%) 0.10% +0.008 pp 0.02% -0.001 pp USD9.98 -20.5% 2 qtrs
52 MYDA ADVISORS LLC 100.0K +100.0K (+100.0%) 793.0K +793.0K (+100.0%) 0.10% +0.100 pp 0.15% +0.151 pp USD7.93 +0.0% 3 qtrs
53 ALGERT GLOBAL LLC 98.1K +98.1K (+100.0%) 778.0K +778.0K (+100.0%) 0.10% +0.099 pp 0.01% +0.012 pp USD7.93 +0.0% 1 qtrs NEW
54 CETERA INVESTMENT ADVISERS 97.6K +62.3K (+176.1%) 774.3K +408.2K (+111.5%) 0.10% +0.059 pp 0.00% +0.000 pp USD8.39 -5.5% 3 qtrs
55 BNP PARIBAS ARBITRAGE, SNC 89.0K +73.2K (+465.2%) 705.5K +542.6K (+333.1%) 0.09% +0.072 pp 0.00% +0.000 pp USD8.10 -2.1% 4 qtrs
56 LEGAL & GENERAL GROUP PLC 88.7K +10.0 (+0.0%) 703.6K -214.6K (-23.4%) 0.09% -0.008 pp 0.00% +0.000 pp USD10.06 -21.2% 3 qtrs
57 WILEY BROS.-AINTREE CAPITAL, LLC 86.1K +69.1K (+407.1%) 682.6K +506.9K (+288.5%) 0.09% +0.068 pp 0.00% +0.002 pp USD8.41 -5.7% 2 qtrs
58 SIMPLEX TRADING, LLC 81.1K -11.3K (-12.2%) 643.1K -312.9K (-32.7%) 0.08% -0.020 pp 0.00% 0.000 pp USD10.35 -23.4% 2 qtrs
59 DEUTSCHE BANK AG\ 79.1K +23.2K (+41.6%) 627.1K +49.1K (+8.5%) 0.08% +0.018 pp 0.00% +0.000 pp USD7.76 +2.2% 3 qtrs
60 QUANTBOT TECHNOLOGIES LP 78.1K +78.1K (+100.0%) 619.4K +619.4K (+100.0%) 0.08% +0.078 pp 0.02% +0.021 pp USD7.93 +0.0% 1 qtrs NEW
61 ALLIANCEBERNSTEIN L.P. 78.1K +1.9K (+2.5%) 619.3K -169.3K (-21.5%) 0.08% -0.005 pp 0.00% 0.000 pp USD7.30 +8.6% 3 qtrs
62 ENVESTNET ASSET MANAGEMENT INC 73.1K +73.1K (+100.0%) 579.3K +579.3K (+100.0%) 0.07% +0.073 pp 0.00% +0.000 pp USD7.93 +0.0% 1 qtrs NEW
63 PRICE T ROWE ASSOCIATES INC /MD/ 71.2K -1.0M (-93.5%) 565.0K -10.8M (-95.0%) 0.07% -1.133 pp 0.00% -0.001 pp USD10.25 -22.6% 3 qtrs
64 JUMP FINANCIAL, LLC 66.1K +66.1K (+100.0%) 524.2K +524.2K (+100.0%) 0.07% +0.066 pp 0.01% +0.006 pp USD7.93 +0.0% 3 qtrs
65 CRAWFORD FUND MANAGEMENT, LLC 64.5K +64.5K (+100.0%) 511.5K +511.5K (+100.0%) 0.06% +0.065 pp 0.07% +0.067 pp USD7.93 +0.0% 1 qtrs NEW
66 ADVISOR GROUP HOLDINGS, INC. 61.2K +3.9K (+6.8%) 485.1K -68.2K (-12.3%) 0.06% -0.001 pp 0.00% 0.000 pp USD9.41 -15.7% 18 qtrs
67 METLIFE INVESTMENT MANAGEMENT, LLC 57.7K +7.2K (+14.2%) 457.9K -65.3K (-12.5%) 0.06% +0.003 pp 0.00% 0.000 pp USD7.60 +4.3% 3 qtrs
68 DAIWA SECURITIES GROUP INC. 56.4K +56.4K (+100.0%) 447.0K +447.0K (+100.0%) 0.06% +0.057 pp 0.00% +0.001 pp USD7.93 +0.0% 1 qtrs NEW
69 VERITION FUND MANAGEMENT LLC 55.6K +2.5K (+4.7%) 440.9K -108.7K (-19.8%) 0.06% -0.002 pp 0.00% -0.001 pp USD6.73 +17.8% 4 qtrs
70 CAITONG INTERNATIONAL ASSET MANAGEMENT CO., LTD 54.2K +51.3K (+1,825.1%) 429.4K +400.3K (+1,374.9%) 0.05% +0.051 pp 0.10% +0.084 pp USD7.90 +0.4% 5 qtrs
71 CAPITAL FUND MANAGEMENT S.A. 48.7K +8.3K (+20.4%) 386.6K -32.4K (-7.7%) 0.05% +0.005 pp 0.00% +0.000 pp USD9.94 -20.2% 2 qtrs
72 J.W. COLE ADVISORS, INC. 47.9K -1.4K (-2.7%) 375.4K -134.0K (-26.3%) 0.05% -0.006 pp 0.01% -0.001 pp USD6.64 +19.4% 4 qtrs
73 JANUS HENDERSON GROUP PLC 47.1K +10.7K (+29.5%) 373.9K -3.0K (-0.8%) 0.05% +0.008 pp 0.00% +0.000 pp USD9.80 -19.1% 2 qtrs
74 SCHONFELD STRATEGIC ADVISORS LLC 44.6K +44.6K (+100.0%) 353.4K +353.4K (+100.0%) 0.04% +0.045 pp 0.00% +0.002 pp USD7.93 +0.0% 1 qtrs NEW
75 NISA INVESTMENT ADVISORS, LLC 43.3K -54.0 (-0.1%) 343.4K -105.3K (-23.5%) 0.04% -0.004 pp 0.00% -0.001 pp USD10.29 -22.9% 3 qtrs
76 JONES FINANCIAL COMPANIES LLLP 39.0K -7.4K (-15.9%) 309.2K -161.1K (-34.3%) 0.04% -0.012 pp 0.00% 0.000 pp USD9.91 -20.0% 6 qtrs
77 ZURCHER KANTONALBANK (ZURICH CANTONALBANK) 37.8K +19.8K (+110.0%) 300.1K +113.6K (+60.9%) 0.04% +0.018 pp 0.00% +0.000 pp USD9.08 -12.7% 2 qtrs
78 WESTERN WEALTH MANAGEMENT, LLC 35.2K +2.0K (+6.1%) 278.8K -64.3K (-18.7%) 0.04% -0.001 pp 0.01% -0.005 pp USD10.91 -27.3% 5 qtrs
79 HARBOR CAPITAL ADVISORS, INC. 34.3K +34.3K (+100.0%) 272.0K +272.0K (+100.0%) 0.03% +0.034 pp 0.02% +0.021 pp USD7.93 +0.0% 1 qtrs NEW
80 CENTIVA CAPITAL, LP 34.0K +34.0K (+100.0%) 269.4K +269.4K (+100.0%) 0.03% +0.034 pp 0.00% +0.002 pp USD7.93 +0.0% 3 qtrs
81 EVERSTAR ASSET MANAGEMENT, LLC 32.4K +32.4K (+100.0%) 256.5K +256.5K (+100.0%) 0.03% +0.033 pp 0.14% +0.138 pp USD7.93 +0.0% 4 qtrs
82 PENSERRA CAPITAL MANAGEMENT LLC 31.7K +27.2K (+600.0%) 251.0K +205.0K (+445.7%) 0.03% +0.027 pp 0.00% +0.002 pp USD8.28 -4.2% 2 qtrs
83 SYMMETRY PEAK MANAGEMENT LLC 31.6K +31.6K (+100.0%) 250.6K +250.6K (+100.0%) 0.03% +0.032 pp 0.07% +0.066 pp USD7.93 +0.0% 1 qtrs NEW
84 31.7K +31.7K (+100.0%) 247.0K +247.0K (+100.0%) 0.03% +0.032 pp 0.01% +0.008 pp USD7.93 +0.0% 1 qtrs NEW
85 MANUFACTURERS LIFE INSURANCE COMPANY, THE 30.8K +2.8K (+10.2%) 244.5K -45.2K (-15.6%) 0.03% +0.000 pp 0.00% +0.000 pp USD7.43 +6.7% 3 qtrs
86 BRIDGEFRONT CAPITAL, LLC 30.1K +30.1K (+100.0%) 238.7K +238.7K (+100.0%) 0.03% +0.030 pp 0.06% +0.060 pp USD7.93 +0.0% 1 qtrs NEW
87 ARIZONA STATE RETIREMENT SYSTEM 29.3K +855.0 (+3.0%) 232.4K -62.1K (-21.1%) 0.03% -0.002 pp 0.00% 0.000 pp USD10.28 -22.9% 2 qtrs
88 HAMILTON CAPITAL PARTNERS, LLC 28.6K +28.6K (+100.0%) 226.9K +226.9K (+100.0%) 0.03% +0.029 pp 0.08% +0.075 pp USD7.93 +0.0% 1 qtrs NEW
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.50
Neutral
Ratio by volume
0.77
Neutral
Buys
2
Sells
4
Shares acquired
37.5K
Shares disposed
49.0K
Cash buys
Cash sales
Net activity
-11,477
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-30 Moe Christopher R. Director M-Exempt D Restricted Stock Units 7,429 0.00 0 D
2026-04-30 Liuzza Nicholas Reyland JR Director M-Exempt A Common Stock 7,429 0.00 544,874 D
2026-04-30 Funk Paul II Director M-Exempt A Common Stock 7,429 0.00 165,028 D
2026-04-30 Freedman Joseph David Director M-Exempt A Common Stock 7,429 0.00 342,689 D
2026-04-06 Thompson Jeffrey M Director / Officer / 10% Owner M-Exempt A Common Stock 5,295 0.00 12,913,772 D
2026-03-31 Morrison Christian Spenst Officer F-InKind D Common Stock 145 13.09 1.9K 277 D
2026-03-31 Hitchcock Geoffrey Wayne Officer A-Award A Restricted Stock Units 8,701 0.00 8,701 D
2026-03-31 Ericson Christian Officer F-InKind D Common Stock 1,176 13.09 15.4K 28,920 D
2026-03-17 Ericson Christian Officer M-Exempt A Common Stock 12,500 0.00 29,630 D
2026-03-11 Ericson Christian Officer M-Exempt D Restricted Stock Units 25,000 0.00 25,000 D
2025-12-31 Evans Allan Thomas 0 0.00 0
2025-12-29 Thompson Jeffrey M Director / Officer / 10% Owner G-Gift D Common Stock 4,750 0.00 12,913,227 D
2025-12-02 Morrison Christian Spenst Officer A-Award A Restricted Stock Units 30,150 0.00 30,150 D
2025-12-02 Ericson Christian Officer A-Award A Restricted Stock Units 25,000 0.00 25,000 D
2025-10-02 Funk Paul II Director A-Award A Restricted Stock Units 868 0.00 868 D
2025-10-01 Hitchcock Geoffrey Wayne Officer M-Exempt D Restricted Stock Units 262,500 0.00 262,500 D
2025-09-29 Moe Christopher R. Director S-Sale D Common Stock 10,000 10.91 109.1K 53,073 D
2025-09-12 Moe Christopher R. Director S-Sale D Common Stock 10,000 10.96 109.6K 63,073 D
2025-09-11 Moe Christopher R. Director S-Sale D Common Stock 20,000 9.77 195.4K 83,073 D
2025-09-08 Moe Christopher R. Director S-Sale D Common Stock 10,000 8.90 89.0K 103,073 D
2025-08-21 Moe Christopher R. Director S-Sale D Common Stock 16,833 9.58 161.3K 113,073 D
2025-08-20 Moe Christopher R. Director S-Sale D Common Stock 10,000 8.93 89.3K 129,906 D
2025-07-18 Thompson Jeffrey M Director / Officer / 10% Owner M-Exempt A Common Stock 416,667 1.06 441.7K 12,938,958 D
2025-06-30 Freedman Joseph David Director M-Exempt A Common Stock 150,000 2.51 376.5K 315,260 D
2025-06-10 Liuzza Nicholas Reyland JR Director S-Sale D Common Stock 100,000 8.58 858.0K 387,445 D
2025-06-09 Liuzza Nicholas Reyland JR Director X-InTheMoney A Common Stock 100,000 1.50 150.0K 487,445 D
2025-05-22 Thompson Jeffrey M Director / Officer / 10% Owner A-Award A Employee Stock Option (right to buy) 1,000,000 6.73 6.73M 1,000,000 D
2025-05-22 Moe Christopher R. Director A-Award A Restricted Stock Units 7,429 0.00 7,429 D
2025-05-22 Liuzza Nicholas Reyland JR Director A-Award A Restricted Stock Units 7,429 0.00 7,429 D
2025-05-22 Funk Paul II Director A-Award A Restricted Stock Units 7,429 0.00 7,429 D
2025-05-22 Freedman Joseph David Director A-Award A Restricted Stock Units 7,429 0.00 7,429 D
2025-05-21 Liuzza Nicholas Reyland JR Director S-Sale D Common Stock 100,309 6.70 671.8K 387,445 D
2025-05-20 Liuzza Nicholas Reyland JR Director X-InTheMoney A Common Stock 100,000 1.50 150.0K 487,754 D
2025-03-31 Ericson Christian Officer Restricted Stock Units 50,000 0.00 0 D
2025-01-03 Lunger Leah Officer F-InKind D Common Stock 677 13.30 9.0K 328,864 D
2024-12-30 Liuzza Nicholas Reyland JR Director S-Sale D Common Stock 80,000 13.46 1.08M 381,072 D
2024-12-30 Freedman Joseph David Director S-Sale D Common Stock 15,000 14.24 213.6K 585,190 D
2024-12-27 Freedman Joseph David Director S-Sale D Common Stock 10,000 12.25 122.5K 600,190 D
2024-12-26 Thompson Jeffrey M Director / Officer / 10% Owner S-Sale D Common Stock 28,756 13.97 401.7K 13,014,449 D
2024-12-26 Matus George Michael Officer S-Sale D Common Stock 90,123 14.67 1.32M 304,406 D
2024-12-26 Liuzza Nicholas Reyland JR Director S-Sale D Common Stock 20,000 13.92 278.4K 461,072 D
2024-12-26 Freedman Joseph David Director S-Sale D Common Stock 25,000 13.61 340.3K 610,190 D
2024-12-24 Thompson Jeffrey M Director / Officer / 10% Owner S-Sale D Common Stock 78,693 11.22 883.2K 13,043,205 D
2024-12-24 Matus George Michael Officer S-Sale D Common Stock 72,093 12.10 872.3K 613,897 D
2024-12-23 Thompson Jeffrey M Director / Officer / 10% Owner S-Sale D Common Stock 392,551 11.34 4.45M 13,121,898 D
2024-12-23 Liuzza Nicholas Reyland JR Director S-Sale D Common Stock 200,000 10.80 2.16M 481,072 D
2024-12-20 Thompson Jeffrey M Director / Officer / 10% Owner M-Exempt D Employee Stock Option (right to buy) 474,684 3.95 1.88M 25,316 D
2024-12-20 Matus George Michael Officer S-Sale D Common Stock 287,113 9.94 2.85M 685,990 D
2024-12-20 Hitchcock Geoffrey Wayne Officer M-Exempt D Employee Stock Option (right to buy) 31,686 2.61 82.7K 0 D
2024-12-20 Freedman Joseph David Director S-Sale D Common Stock 50,000 10.00 500.0K 635,190 D
2024-12-18 Matus George Michael Officer S-Sale D Common Stock 112,686 9.20 1.04M 973,103 D
2024-12-18 Lunger Leah Officer S-Sale D Common Stock 56,159 9.54 535.8K 0 I
2024-12-18 Liuzza Nicholas Reyland JR Director S-Sale D Common Stock 228,928 8.43 1.93M 681,072 D
2024-12-18 Freedman Joseph David Director S-Sale D Common Stock 2,228 8.28 18.4K 0 I
2024-12-16 Lunger Leah Officer C-Conversion D Employee Stock Option (right to buy) 21,000 10.02 210.4K 35,417 I
2024-11-27 Hitchcock Geoffrey Wayne Officer Common Stock 0 0.00 83,137 D
2024-11-24 Hitchcock Geoffrey Wayne Officer A-Award A Common Stock 575,000 8.97 5.16M 658,137 D
2024-11-14 Matus George Michael Officer F-InKind D Common Stock 7,050 4.02 28.3K 1,085,789 D
2024-11-10 Matus George Michael Officer F-InKind D Common Stock 1,763 3.64 6.4K 1,092,839 D
2024-11-10 Lunger Leah Officer F-InKind D Common Stock 34,478 3.64 125.5K 687,995 D
2024-09-01 Matus George Michael Officer F-InKind D Common Stock 10,000 3.11 31.1K 1,084,602
2024-08-10 Matus George Michael Officer F-InKind D Common Stock 30,000 2.48 74.4K 1,094,602
2024-08-10 Lunger Leah Officer F-InKind D Common Stock 24,585 2.48 61.0K 722,473
2024-08-08 Lunger Leah Officer F-InKind D Common Stock 109,050 2.02 220.3K 747,058
2024-06-10 Lunger Leah Officer A-Award A Common Stock 900,000 0.00 901,030
2024-06-01 Matus George Michael Officer F-InKind D Common Stock 9,250 1.00 9.3K 1,124,602
2024-05-13 Matus George Michael Officer A-Award A Common Stock 900,000 0.00 1,191,620
2024-05-06 Moe Christopher R. Director A-Award A Common Stock 170,000 0.00 283,074
2024-05-06 Liuzza Nicholas Reyland JR Director J-Other D Common Stock 15,000 0.00 760,092
2024-05-06 Funk Paul II Director A-Award A Common Stock 157,599 0.00 157,599
2024-05-06 Freedman Joseph David Director A-Award A Common Stock 170,000 0.00 695,411
2024-03-15 Lunger Leah Officer D Common Stock 0 0.00 1,030
2024-03-12 Funk Paul II Director 0 0.00 0
2024-03-01 Matus George Michael Officer F-InKind D Common Stock 8,575 0.75 6.4K 291,620
2023-12-29 Thompson Jeffrey M Director / Officer / 10% Owner G-Gift D Common Stock 38,367 0.00 12,923,640
2023-12-01 Matus George Michael Officer F-InKind D Common Stock 7,250 0.89 6.5K 300,195
2023-10-02 HERNON JOSEPH P Officer A-Award A Common Stock 3,906 0.97 3.8K 358,444
2023-09-27 Evans Allan Thomas Officer P-Purchase A Common Stock 10,000 0.97 9.7K 1,443,945
2023-09-01 Matus George Michael Officer F-InKind D Common Stock 7,268 0.96 7.0K 307,445
2023-08-04 HERNON JOSEPH P Officer G-Gift D Common Stock 118,000 1.00 118.0K 354,538
2023-08-01 HERNON JOSEPH P Officer F-InKind D Common Stock 3,877 0.85 3.3K 472,538
2023-06-01 Matus George Michael Officer F-InKind D Common Stock 8,575 0.95 8.1K 314,713
2023-05-16 Thompson Jeffrey M Director / Officer / 10% Owner A-Award A Options to purchase common stock 1,250,000 1.06 1.33M 1,750,000
2023-05-16 Moe Christopher R. Director A-Award A Common stock 84,905 0.00 113,074
2023-05-16 Long Mary Beth Director A-Award A Common Stock 56,604 0.00 106,604
2023-05-16 Liuzza Nicholas Reyland JR Director A-Award A Common Stock 56,604 0.00 875,092
2023-05-16 Freedman Joseph David Director A-Award A Common Stock 84,905 0.00 510,411
2023-05-16 Evans Allan Thomas Officer A-Award A Options to purchase common stock 875,000 1.06 927.5K 875,000
2023-05-01 HERNON JOSEPH P Officer A-Award A Common Stock 30,000 0.85 25.5K 447,120
2023-03-31 Evans Allan Thomas Officer F-InKind D Common Stock 7,993 1.04 8.3K 1,463,210
2023-03-20 Liuzza Nicholas Reyland JR Director S-Sale D Common Stock 50,000 1.00 50.0K 819,488
2023-03-20 Evans Allan Thomas Officer F-InKind D Common Stock 37,258 1.06 39.5K 1,433,945
2023-03-09 Liuzza Nicholas Reyland JR Director S-Sale D Common Stock 76,090 1.09 82.9K 919,488
2023-03-01 Matus George Michael Officer F-InKind D Common Stock 8,625 1.41 12.2K 323,288
2023-02-28 Evans Allan Thomas Officer F-InKind D Common Stock 8,091 1.31 10.6K 1,471,203
2023-02-01 HERNON JOSEPH P Officer A-Award A Common Stock 30,000 1.21 36.3K 424,155
2023-01-31 Evans Allan Thomas Officer F-InKind D Common Stock 8,060 1.21 9.8K 1,479,294
2023-01-06 Thompson Jeffrey M Officer P-Purchase A Common Stock 1,000 0.89 885.00 12,962,007
2023-01-04 Thompson Jeffrey M Officer P-Purchase A Common Stock 300 1.02 306.00 12,960,507
2022-12-30 Evans Allan Thomas Officer F-InKind D Common Stock 6,472 0.94 6.1K 1,487,354
2022-12-29 Freedman Joseph David Director P-Purchase A Common Stock 1,000 0.88 882.50 408,064
2022-12-28 Thompson Jeffrey M Officer P-Purchase A Common Stock 500 0.81 404.50 12,958,707
2022-12-28 Freedman Joseph David Director A-Award A Common Stock 17,442 0.00 425,506
2022-12-27 Freedman Joseph David Director P-Purchase A Common Stock 2,500 0.83 2.1K 407,064
2022-12-23 Thompson Jeffrey M Officer P-Purchase A Common Stock 3,000 0.79 2.4K 12,958,207
2022-12-23 Liuzza Nicholas Reyland JR Director A-Award A Common Stock 1,350 0.78 1.1K 995,578
2022-12-22 Thompson Jeffrey M Officer P-Purchase A Common Stock 300 0.81 243.00 12,955,207
2022-12-21 Thompson Jeffrey M Officer P-Purchase A Common Stock 300 0.83 247.50 12,954,907
2022-12-20 Thompson Jeffrey M Officer P-Purchase A Common Stock 300 0.91 271.50 12,951,480
2022-12-01 Matus George Michael Officer F-InKind D Common Stock 7,325 1.15 8.4K 331,913
2022-11-30 Evans Allan Thomas Officer F-InKind D Common Stock 6,946 1.18 8.2K 1,485,242
2022-11-11 Long Mary Beth Director D Common Stock 0 0.00 50,000
2022-11-01 HERNON JOSEPH P Officer A-Award A Common Stock 30,000 1.27 38.1K 394,860
2022-10-31 Evans Allan Thomas Officer F-InKind D Common Stock 8,018 1.35 10.8K 1,493,438
2022-09-30 Evans Allan Thomas Officer F-InKind D Common Stock 7,068 1.67 11.8K 1,501,456
2022-08-31 Matus George Michael Officer F-InKind D Common Stock 30,181 2.39 72.0K 340,336
2022-08-31 Evans Allan Thomas Officer F-InKind D Common Stock 7,364 2.39 17.6K 1,508,524
2022-08-26 Thompson Jeffrey M Officer F-InKind D Common Stock 54,128 2.27 122.9K 12,951,180
2022-08-26 HERNON JOSEPH P Officer F-InKind D Common Stock 36,025 2.27 81.8K 364,860
2022-08-26 Evans Allan Thomas Officer A-Award A Common Stock 167,040 2.27 379.2K 1,515,888
2022-08-01 HERNON JOSEPH P Officer A-Award A Common Stock 30,000 2.13 63.9K 185,470
2022-07-31 Evans Allan Thomas Officer F-InKind D Common Stock 10,365 2.17 22.5K 1,348,848
2022-07-29 Thompson Jeffrey M Officer P-Purchase A Common Stock 2,000 2.18 4.4K 12,699,068
2022-07-29 Freedman Joseph David Director A-Award A Common Stock 5,000 2.16 10.8K 404,564
2022-07-29 Evans Allan Thomas Officer P-Purchase A Common Stock 4,500 2.14 9.6K 1,359,213
2022-04-29 Moe Christopher R. Director D Common stock 0 0.00 28,169
2022-04-29 Liuzza Nicholas Reyland JR Director A-Award A Common Stock 79,813 0.00 994,228
2022-04-25 Evans Allan Thomas Officer F-InKind D Common Stock 12,373 2.07 25.6K 1,365,077
2022-04-19 Thompson Jeffrey M Officer P-Purchase A Common Stock 2,000 2.02 4.0K 12,687,468
2022-04-19 READ JONATHAN R Director A-Award A Common Stock 28,169 0.00 69,836
2022-04-19 Freedman Joseph David Director A-Award A Common Stock 37,559 0.00 425,364
2022-04-18 Thompson Jeffrey M Officer P-Purchase A Common Stock 500 1.92 960.00 12,676,968
2022-04-18 Liuzza Nicholas Reyland JR Director P-Purchase A Common Stock 13,000 1.92 25.0K 909,915
2022-03-31 Evans Allan Thomas Officer F-InKind D Common Stock 10,364 2.02 20.9K 1,508,573
2022-03-25 Thompson Jeffrey M Officer P-Purchase A Common Stock 500 2.02 1.0K 12,673,968
2022-03-25 Liuzza Nicholas Reyland JR Director P-Purchase A Common Stock 2,350 2.21 5.2K 893,215
2022-03-24 Freedman Joseph David Director P-Purchase A Common Stock 5,000 2.24 11.2K 367,805
2022-03-23 Thompson Jeffrey M Officer P-Purchase A Common Stock 1,000 2.11 2.1K 12,672,968
2022-03-22 Evans Allan Thomas Officer P-Purchase A Common Stock 9,280 1.96 18.2K 1,643,255
2022-02-01 HERNON JOSEPH P Officer F-InKind D Common Stock 7,035 1.80 12.7K 134,635
2022-01-24 Freedman Joseph David Director P-Purchase A Common Stock 1,500 1.70 2.6K 362,535
2021-12-31 Evans Allan Thomas Officer F-InKind D Common Stock 104,166 2.70 281.2K 1,539,089
2021-11-01 HERNON JOSEPH P Officer A-Award A Common Stock 45,000 2.99 134.6K 122,222
2021-09-01 Matus George Michael Officer D Common Stock 600,000 0.00 0
2021-07-06 Freedman Joseph David Director A-Award A Common Stock 150,000 2.51 376.5K 261,305
2021-07-01 HERNON JOSEPH P Officer A-Award A Common Stock 375,000 2.51 941.3K 375,000
2021-05-18 Liuzza Nicholas Reyland JR Director P-Purchase A Common Stock 1,000 2.78 2.8K 890,865
2021-05-13 Liuzza Nicholas Reyland JR Director P-Purchase A Common Stock 1,000 3.01 3.0K 850,435
2021-03-31 Thompson Jeffrey M Officer A-Award A Options to purchase common stock 500,000 0.00 500,000
2021-03-18 Liuzza Nicholas Reyland JR Director C-Conversion D Convertible debenture 100,000 1.00 100.0K 0
2021-03-17 Freedman Joseph David Director X-InTheMoney D Warrant 67,500 1.50 101.3K 0
2021-02-22 French Gregory Ralph Director J-Other D Common Stock 522,722 4.90 2.56M 4,815,533
2021-02-22 Evans Allan Thomas Officer J-Other A Common Stock 522,722 4.90 2.56M 1,633,705
2021-01-11 Freedman Joseph David Director D Common Stock 0 0.00 15,828
2021-01-11 Evans Allan Thomas Officer D Common Stock 0 0.00 1,110,983
2020-12-31 Thompson Jeffrey M Officer P-Purchase A Common Stock 420 2.66 1.1K 12,167,968
2020-11-02 French Gregory Ralph Director D Common Stock 0 0.00 110,982
2020-10-09 Thompson Jeffrey M Director C-Conversion A Common Stock 29,166 0.94 27.4K 12,167,548
2020-09-27 HERNON JOSEPH P Officer C-Conversion D Stock Option 100,000 0.82 82.0K 1,000,000
2020-09-18 Liuzza Nicholas Reyland JR Director C-Conversion A Common Stock 209,758 0.65 136.3K 418,591
2020-01-23 HERNON JOSEPH P Officer D Stock option (right to buy) 1,100,000 0.82 903.1K 0
2020-01-23 Brains Riding in Tanks, LLC Director D Common Stock 0 0.00 1,997,684
2015-11-01 READ JONATHAN R Director / Officer 0 0.00 0

Executive team

Top executives
EBIT / Employee
-579.1K
Shares Outstanding
98.86M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Chris Ericson Chief Operating Officer 184.6K 421.0K 19.6K 625.2K 67.34%
2 2025 Geoffrey Hitchcock Chief Revenue Officer 230.0K 230.0K 0.00%
3 2025 Leah Lunger Former Chief Financial Officer 7.0K 7.0K 0.00%
4 2024 Jeffrey Thompson Chief Executive Officer and President 300.0K 155.6K 1.32M 11.1K 1.79M 73.93%
5 2024 Allan Evans Chief Operating Officer 135.0K 600.00 888.1K 3.9K 1.03M 86.42%
6 2024 Joseph Hernon Former Chief Financial Officer 230.0K 112.5K 290.7K 6.0K 639.2K 63.08%
7 2024 George Matus Chief Technology Officer 183.3K 88.6K 12.6K 284.5K 31.12%
8 2024 Leah Lunger Chief Financial Officer 188.8K 17.6K 206.4K 0.00%
9 2023 Allan Evans Chief Operating Officer 230.0K 126.9K 651.9K 4.3K 1.01M 64.35%
10 2023 Jeffrey Thompson Chief Executive Officer and President 300.0K 165.3K 347.6K 13.4K 826.4K 42.06%
11 2023 Joseph Hernon Chief Financial Officer and Secretary 230.0K 126.3K 452.0K 11.2K 819.5K 55.15%
12 2023 Joseph Hernon Former Chief Financial Officer 230.0K 126.3K 452.0K 11.2K 819.5K 55.15%
13 2023 George Matus Chief Technology Officer 150.0K 302.5K 22.1K 3.9K 478.5K 67.84%
14 2023 Leah Lunger Chief Financial Officer 121.7K 132.6K 14.7K 268.9K 49.30%
15 2022 Allan Evans Chief Operating Officer 181.9K 136.0K 875.3K 1.19M 73.36%
16 2022 Joseph Hernon Chief Financial Officer and Secretary 191.5K 128.0K 185.4K 4.1K 509.0K 36.43%
17 2022 Jeffrey Thompson Chief Executive Officer and President 255.3K 153.6K 408.9K 0.00%
18 2021 Jeffrey Thompson Chief Executive Officer and President 160.0K 300.00 2.04M 2.20M 92.71%
19 2021 Allan Evans Chief Operating Officer 63.5K 960.0K 1.02M 0.00%
20 2021 Joseph Hernon Chief Financial Officer and Secretary 120.0K 120.0K 0.00%
21 2017 Jeffrey Rassas Former Chief Executive Officer 121.1K 310.8K 431.8K 71.97%
22 2017 John Wise Former President 119.9K 119.9K 0.00%
23 2017 Jonathan Read Chief Executive Officer 41.6K 41.6K 0.00%
24 2016 Jonathan Read Chief Executive Officer 80.6K 226.0K 306.6K 73.70%
25 2016 Jeffrey Rassas Former Chief Executive Officer 67.6K 67.6K 0.00%
26 2016 John Wise Former President 65.6K 65.6K 0.00%
27 2011 J. Michael King Interim 75.0K 900.0K 0.00%
28 2011 Donna Steward
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-30 DEFA14A
2026-04-30 DEF 14A
2025-04-28 DEFA14A
2025-04-28 DEF 14A
2025-04-18 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-11 8-K
2026-05-11 4
2026-05-07 8-K
2026-05-07 10-Q
2026-05-04 4
2026-05-04 4
2026-05-04 4
2026-05-04 4
2026-04-30 DEFA14A
2026-04-30 DEF 14A

Executive team

NameTitleCompensationGender
Jeffrey Thompson Founder, President, Chief Executive Officer & Chairman 273.4K male
Christian Koji Ericson Chief Operating Officer 265.7K male
Geoffrey Hitchcock Chief Revenue Officer 230.0K male
Christian Morrison CFO, Treasurer & Secretary male
Jason Gunter Vice President of Tech & Innovation of Special Programs male
Mitch McDonald President of Teal Drones male
Rachel Erb Senior Vice President of Business Operations female
Sam Pelletier Vice President of Finance & Accounting male
Shawn Webb President of Flightwave male
Barrett Hinckley President of BLUE OPS male
Stan Nowak Vice President of Marketing male
Brendan Stewart Senior Vice President of Regulatory and Government Affairs male
ESG Rating
B-
COMPUTER HARDWARE
2022
E (Environmental)
47.9 / 65.3
Company / Sector avg.
S (Social)
67.3 / 67.1
Company / Sector avg.
G (Governance)
63.5 / 63.9
Company / Sector avg.
ESG Total
59.5 / 65.4
Company / Sector avg.
ESG Score History COMPUTER HARDWARE
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits