Eric M. Demarco - Jun 21, 2022 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role
President & CEO, Director
Signature
Eric M. DeMarco, by Eva Yee, Attorney-In-Fact
Stock symbol
KTOS
Transactions as of
Jun 21, 2022
Transactions value $
-$300,671
Form type
4
Date filed
6/22/2022, 07:56 PM
Previous filing
Jun 16, 2022
Next filing
Jul 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +30K +5.1% $0.00 618K Jun 21, 2022 by trust F2, F3
transaction KTOS Common Stock Tax liability -$164K -11.8K -1.91% $13.91 607K Jun 21, 2022 by trust F4
transaction KTOS Common Stock Sale -$136K -10K -1.65% $13.65 597K Jun 21, 2022 by trust F5, F6
holding KTOS Common Stock 55.9K Jun 21, 2022 Direct F7

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 KTOS Restricted Stock Units Options Exercise $0 -30K -14.29% $0.00 180K Jun 21, 2022 Common Stock 30K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock.
F2 RSUs were granted on January 4, 2017 that vested and then released June 21, 2022 after a 5-year deferral period.
F3 RSUs were granted to Reporting Person, and per Reporting Person's instructions, the common stock from such released RSUs were issued to Reporting Person's trust.
F4 Shares withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released as reported in this Form 4.
F5 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.45 to $13.88 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F7 Includes 38,138 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 17,800 shares held through Issuer's 401(k) Plan.