Stacey G. Rock - 03 Jan 2025 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role
President, KTT Division
Signature
Stacey G. Rock, by Eva Yee, Attorney-In-Fact
Issuer symbol
KTOS
Transactions as of
03 Jan 2025
Net transactions value
-$278,162
Form type
4
Filing time
07 Jan 2025, 21:38:03 UTC
Previous filing
13 Dec 2024
Next filing
05 Feb 2025
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 +3,000 +5.7% $0.000000 55,174 03 Jan 2025 Direct F3, F10
transaction KTOS Common Stock Tax liability $35,147 -1,279 -2.3% $27.48 53,895 03 Jan 2025 Direct F8, F10
transaction KTOS Common Stock Options Exercise $0 +3,000 +5.6% $0.000000 56,895 03 Jan 2025 Direct F4, F10
transaction KTOS Common Stock Tax liability $35,037 -1,275 -2.2% $27.48 55,620 03 Jan 2025 Direct F8, F10
transaction KTOS Common Stock Options Exercise $0 +3,000 +5.4% $0.000000 58,620 03 Jan 2025 Direct F5, F10
transaction KTOS Common Stock Tax liability $30,585 -1,113 -1.9% $27.48 57,507 03 Jan 2025 Direct F8, F10
transaction KTOS Common Stock Options Exercise $0 +3,000 +5.2% $0.000000 60,507 04 Jan 2025 Direct F6, F10
transaction KTOS Common Stock Tax liability $30,778 -1,120 -1.9% $27.48 59,387 04 Jan 2025 Direct F8, F10
transaction KTOS Common Stock Options Exercise $0 +3,000 +5.1% $0.000000 62,387 04 Jan 2025 Direct F7, F10
transaction KTOS Common Stock Tax liability $30,778 -1,120 -1.8% $27.48 61,267 04 Jan 2025 Direct F8, F10
transaction KTOS Common Stock Sale $115,837 -4,000 -6.5% $28.96 57,267 06 Jan 2025 Direct F9, F10, F11

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 +40,000 $0.000000 40,000 03 Jan 2025 Common Stock 40,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -3,000 -100% $0.000000 0 03 Jan 2025 Common Stock 3,000 Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -3,000 -33% $0.000000 6,000 03 Jan 2025 Common Stock 3,000 Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -3,000 -25% $0.000000 9,000 03 Jan 2025 Common Stock 3,000 Direct F1, F5
transaction KTOS Restricted Stock Units Options Exercise $0 -3,000 -50% $0.000000 3,000 04 Jan 2025 Common Stock 3,000 Direct F1, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -3,000 -20% $0.000000 12,000 04 Jan 2025 Common Stock 3,000 Direct F1, F7
* 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 Each restricted stock unit (RSU) represents a contingent right to receive one share of Issuer's common stock.
F2 15,500 RSUs vest on each of the 1st and 2nd anniversaries of the date of grant and 3,000 RSUs vest on each of the 3rd, 4th, and 5th 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 3, 2020, where 15,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2020 date of grant.
F4 RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 15,000 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 15,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2023 date of grant.
F6 RSUs were granted and previously reported on a Form 4 filed January 5, 2021, where 15,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F7 RSUs were granted and previously reported on a Form 4 filed January 5, 2024, where 15,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2024 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 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on May 22, 2024.
F10 Includes 3,306 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 6,444 shares held through Issuer's 401(k).
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.61 to $29.40 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, 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.