RED CAT HLDGS INC

Ticker: RCAT CUSIP: 75644T100 Class: Common Stock

NATIONAL BANK OF CANADA /FI/'s Holding History (CIK: 0000926171)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 863,685 Value ($000) $6,849 Avg Close $9.57 Range $5.77 - $16.70

Q3 2025

Shares 866,871 Value ($000) $8,972 Avg Close $9.34 Range $6.65 - $13.06

Q2 2025

Shares 312,400 Value ($000) $2,274 Avg Close $6.53 Range $4.60 - $9.49

Q1 2025

Shares 815,700 Value ($000) $4,796 Avg Close $8.01 Range $4.58 - $15.27

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	863,685	$6,849	$9.57	$5.77 - $16.70
Q3 2025	866,871	$8,972	$9.34	$6.65 - $13.06
Q2 2025	312,400	$2,274	$6.53	$4.60 - $9.49
Q1 2025	815,700	$4,796	$8.01	$4.58 - $15.27