William Lynn III - 31 Jan 2025 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Signature
/s/ Katherine A. Krebel, Attorney-in-Fact
Issuer symbol
DRS
Transactions as of
31 Jan 2025
Net transactions value
-$1,586,250
Form type
4
Filing time
03 Feb 2025, 16:01:23 UTC
Previous filing
03 Dec 2024
Next filing
19 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRS Common Stock Sale $1,586,250 -45,000 -19% $35.25 189,937 31 Jan 2025 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 27, 2024.
F2 The price reported is a weighted average price (rounded to the nearest whole cent). These shares were sold in multiple transactions at prices ranging from $34.83 - $35.72, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.