Eric M. Demarco - 03 Jan 2023 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
Issuer symbol
KTOS
Transactions as of
03 Jan 2023
Net transactions value
-$423,843
Form type
4
Filing time
05 Jan 2023, 20:15:40 UTC
Previous filing
14 Oct 2022
Next filing
04 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +30,000 +4.8% $0.000000 652,065 03 Jan 2023 by trust F3, F6
transaction KTOS Common Stock Tax liability $124,272 -12,390 -1.9% $10.03 639,675 03 Jan 2023 by trust F7
transaction KTOS Common Stock Options Exercise $0 +45,000 +7% $0.000000 684,675 04 Jan 2023 by trust F4, F6
transaction KTOS Common Stock Tax liability $180,788 -17,707 -2.6% $10.21 666,968 04 Jan 2023 by trust F7
transaction KTOS Common Stock Options Exercise $0 +30,000 +4.5% $0.000000 696,968 04 Jan 2023 by trust F5, F6
transaction KTOS Common Stock Tax liability $118,783 -11,634 -1.7% $10.21 685,334 04 Jan 2023 by trust F7
holding KTOS Common Stock 58,278 03 Jan 2023 Direct F8

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 Award $0 +150,000 $0.000000 150,000 03 Jan 2023 Common Stock 150,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -30,000 -20% $0.000000 120,000 03 Jan 2023 Common Stock 30,000 Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -45,000 -100% $0.000000* 0 04 Jan 2023 Common Stock 45,000 Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -30,000 -25% $0.000000 90,000 04 Jan 2023 Common Stock 30,000 Direct F1, F5
* 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 vest ratably on each of the first five anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement.
F3 RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 150,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2022 date of grant.
F4 RSUs were granted on January 4, 2008, vested on the 15th anniversary, and released on January 4, 2023.
F5 RSUs were granted and previously reported on a Form 4 filed January 5, 2021 where 150,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F6 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.
F7 Shares withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4.
F8 Includes 39,578 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 18,700 shares held through Issuer's 401(k) Plan.