Phillip D. Carrai - Jan 3, 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
Stock symbol
KTOS
Transactions as of
Jan 3, 2024
Transactions value $
-$759,367
Form type
4
Date filed
1/5/2024, 06:47 PM
Previous filing
Dec 15, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +10K +5.52% $0.00 191K Jan 3, 2024 Direct F3, F9
transaction KTOS Common Stock Tax liability -$83.4K -4.51K -2.36% $18.50 187K Jan 3, 2024 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +10K +5.36% $0.00 197K Jan 3, 2024 Direct F4, F9
transaction KTOS Common Stock Tax liability -$91.1K -4.92K -2.51% $18.50 192K Jan 3, 2024 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +10K +5.22% $0.00 202K Jan 3, 2024 Direct F5, F9
transaction KTOS Common Stock Tax liability -$83.4K -4.51K -2.24% $18.50 197K Jan 3, 2024 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +50K +25.37% $0.00 247K Jan 4, 2024 Direct F6, F9
transaction KTOS Common Stock Tax liability -$418K -22.6K -9.13% $18.53 225K Jan 4, 2024 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +10K +4.45% $0.00 235K Jan 4, 2024 Direct F7, F9
transaction KTOS Common Stock Tax liability -$83.6K -4.51K -1.92% $18.53 230K Jan 4, 2024 Direct F8, F9
holding KTOS Common Stock 46.6K Jan 3, 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 +50K $0.00 50K Jan 4, 2024 Common Stock 50K Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -10K -50% $0.00 10K Jan 3, 2024 Common Stock 10K Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -10K -25% $0.00 30K Jan 3, 2024 Common Stock 10K Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -10K -20% $0.00 40K Jan 3, 2024 Common Stock 10K Direct F1, F5
transaction KTOS Restricted Stock Units Options Exercise $0 -50K -100% $0.00* 0 Jan 4, 2024 Common Stock 50K Direct F1, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -10K -33.33% $0.00 20K Jan 4, 2024 Common Stock 10K 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.