Eric M. Demarco - 02 Jan 2024 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
02 Jan 2024
Net transactions value
-$1,441,369
Form type
4
Filing time
04 Jan 2024, 21:46:21 UTC
Previous filing
05 Jan 2023
Next filing
04 Mar 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 +4.4% $0.000000 715,334 02 Jan 2024 by trust F3, F9
transaction KTOS Common Stock Tax liability $239,847 -12,138 -1.7% $19.76 703,196 02 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +30,000 +4.3% $0.000000 733,196 03 Jan 2024 by trust F4, F9
transaction KTOS Common Stock Tax liability $218,392 -11,805 -1.6% $18.50 721,391 03 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +30,000 +4.2% $0.000000 751,391 03 Jan 2024 by trust F5, F9
transaction KTOS Common Stock Tax liability $218,392 -11,805 -1.6% $18.50 739,586 03 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +25,000 +3.4% $0.000000 764,586 03 Jan 2024 by trust F6, F9
transaction KTOS Common Stock Tax liability $182,003 -9,838 -1.3% $18.50 754,748 03 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +50,000 +6.6% $0.000000 804,748 03 Jan 2024 by trust F6, F9
transaction KTOS Common Stock Tax liability $363,988 -19,675 -2.4% $18.50 785,073 03 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +30,000 +3.8% $0.000000 815,073 04 Jan 2024 by trust F7, F9
transaction KTOS Common Stock Tax liability $218,747 -11,805 -1.4% $18.53 803,268 04 Jan 2024 by trust F8, F9
holding KTOS Common Stock 60,273 02 Jan 2024 Direct F10

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 04 Jan 2024 Common Stock 150,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -30,000 -100% $0.000000* 0 02 Jan 2024 Common Stock 30,000 Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -30,000 -25% $0.000000 90,000 03 Jan 2024 Common Stock 30,000 Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -30,000 -20% $0.000000 120,000 03 Jan 2024 Common Stock 30,000 Direct F1, F5
transaction KTOS Restricted Stock Units Options Exercise $0 -25,000 -100% $0.000000* 0 03 Jan 2024 Common Stock 25,000 Direct F1, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -50,000 -100% $0.000000* 0 03 Jan 2024 Common Stock 50,000 Direct F1, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -30,000 -33% $0.000000 60,000 04 Jan 2024 Common Stock 30,000 Direct F1, F7
* 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 on January 2, 2009, vested on the 15th anniversary and released January 2, 2024.
F4 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.
F5 RSUs were granted and previously reported on a Form 4 filed January 5, 2023, where 150,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2023 date of grant.
F6 RSUs were granted on January 3, 2014, vested on the 10th anniversary and released January 3, 2024.
F7 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.
F8 Shares withheld in a net transaction to satisfy the tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4.
F9 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.
F10 Includes 41,661 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 18,612 shares held through Issuer's 401(k).