John D. Schumacher - Mar 30, 2023 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role: SVP, Washington Operations
Signature: /s/ David A. Fox, Attorney-in-Fact
Stock symbol: AJRD
Transactions as of: Mar 30, 2023
Transactions value $: -$661,841
Form type: 4
Date filed: 4/3/2023, 09:37 PM
Previous filing: Mar 6, 2023
Next filing: Jul 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AJRD	Common Stock	Options Exercise	$263K	+16.5K	+18.93%	$15.98	104K	Mar 30, 2023	Direct
transaction	AJRD	Common Stock	Disposed to Issuer	-$925K	-16.5K	-15.91%	$56.15	87K	Mar 30, 2023	Direct
holding	AJRD	Common Stock						2.52K	Mar 30, 2023	By Plan Trust	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AJRD	Stock Appreciation Right	Options Exercise	$0	-16.5K	-100%	$0.00^*	0	Mar 30, 2023	Common Stock	16.5K	$15.98	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares held in the Aerojet Rocketdyne Retirement Savings Plan Trust ("Plan Trust") as of March 31, 2023, which reflects the value in the participant's account as per the Plan Administrator's records. The number of shares reported is calculated by dividing the dollar value of the participant's account by the closing market price of the stock on the day reported above. This calculation yields only the approximate number of shares in the participant's account because the cash component in the Plan Trust (target 2%) is allocated to each participant's account on a pro rata basis, and the cash component varies based on overall activity of all participants in the Plan Trust. The number shown has been rounded down to the nearest whole number.

Content

Shares held in the Aerojet Rocketdyne Retirement Savings Plan Trust ("Plan Trust") as of March 31, 2023, which reflects the value in the participant's account as per the Plan Administrator's records. The number of shares reported is calculated by dividing the dollar value of the participant's account by the closing market price of the stock on the day reported above. This calculation yields only the approximate number of shares in the participant's account because the cash component in the Plan Trust (target 2%) is allocated to each participant's account on a pro rata basis, and the cash component varies based on overall activity of all participants in the Plan Trust. The number shown has been rounded down to the nearest whole number.