Eric M. Demarco - Oct 13, 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
Oct 13, 2022
Transactions value $
-$57,545
Form type
4
Date filed
10/14/2022, 07:47 PM
Previous filing
Aug 24, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +15K +2.45% $0.00 628K Oct 13, 2022 by trust F2, F3
transaction KTOS Common Stock Tax liability -$57.5K -5.9K -0.94% $9.75* 622K Oct 13, 2002 by trust F4
holding KTOS Common Stock 56.5K Oct 13, 2022 Direct F5

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 -15K -100% $0.00* 0 Oct 13, 2022 Common Stock 15K 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 granted on January 3, 2014 that vested and then released October 13, 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 Includes 39,039 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 17,434 shares held through Issuer's 401(k) Plan.