Phillip D. Carrai - 03 Jan 2024 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role
President, STC Division
Signature
Phillip D. Carrai, by Eva Yee, Attorney-In-Fact
Issuer symbol
KTOS
Transactions as of
03 Jan 2024
Net transactions value
-$759,367
Form type
4
Filing time
05 Jan 2024, 18:47:00 UTC
Previous filing
15 Dec 2023
Next filing
18 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 +10,000 +5.5% $0.000000 191,021 03 Jan 2024 Direct F3, F9
transaction KTOS Common Stock Tax liability $83,435 -4,510 -2.4% $18.50 186,511 03 Jan 2024 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +10,000 +5.4% $0.000000 196,511 03 Jan 2024 Direct F4, F9
transaction KTOS Common Stock Tax liability $91,076 -4,923 -2.5% $18.50 191,588 03 Jan 2024 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +10,000 +5.2% $0.000000 201,588 03 Jan 2024 Direct F5, F9
transaction KTOS Common Stock Tax liability $83,435 -4,510 -2.2% $18.50 197,078 03 Jan 2024 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +50,000 +25% $0.000000 247,078 04 Jan 2024 Direct F6, F9
transaction KTOS Common Stock Tax liability $417,852 -22,550 -9.1% $18.53 224,528 04 Jan 2024 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +10,000 +4.5% $0.000000 234,528 04 Jan 2024 Direct F7, F9
transaction KTOS Common Stock Tax liability $83,570 -4,510 -1.9% $18.53 230,018 04 Jan 2024 Direct F8, F9
holding KTOS Common Stock 46,644 03 Jan 2024 by trust

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 +50,000 $0.000000 50,000 04 Jan 2024 Common Stock 50,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -10,000 -50% $0.000000 10,000 03 Jan 2024 Common Stock 10,000 Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -10,000 -25% $0.000000 30,000 03 Jan 2024 Common Stock 10,000 Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -10,000 -20% $0.000000 40,000 03 Jan 2024 Common Stock 10,000 Direct F1, F5
transaction KTOS Restricted Stock Units Options Exercise $0 -50,000 -100% $0.000000* 0 04 Jan 2024 Common Stock 50,000 Direct F1, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -10,000 -33% $0.000000 20,000 04 Jan 2024 Common Stock 10,000 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 and previously reported on a Form 4 filed January 3, 2020, where 50,000 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 50,000 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 50,000 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 8, 2019, where 50,000 RSUs vest on the fifth anniversary of the January 4, 2019 date of grant.
F7 RSUs were granted and previously reported on a Form 4 filed January 5, 2021, where 50,000 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 Includes 11,385 shares purchased through Issuer's Employee Stock Purchase Plan, and approximately 3,113 shares held through Issuer's 401(k) Plan.