Peter Marino - Dec 31, 2022 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role: Director
Signature: /s/ Katherine Krebel, Attorney-in-Fact
Stock symbol: DRS
Transactions as of: Dec 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/6/2023, 02:36 PM
Previous filing: Nov 30, 2022

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
holding	DRS	Restricted Stock Unit						7.14K	Dec 31, 2022	Common Stock	7.14K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Peter Marino is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs were granted to the Reporting person on November 29, 2022 in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, dated June 21, 2022, by and among Leonardo DRS, Inc., RADA Electronic Industries Limited and Blackstart Ltd. The RSUS are schedule to vest on the second anniversary of the grant date and have no expiration date.

Content

Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs were granted to the Reporting person on November 29, 2022 in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, dated June 21, 2022, by and among Leonardo DRS, Inc., RADA Electronic Industries Limited and Blackstart Ltd. The RSUS are schedule to vest on the second anniversary of the grant date and have no expiration date.

Remarks:

This "Exit" Form 4 is voluntarily filed to report that the Reporting Person is no longer serving in the role as the Company's director, effective as of December 31, 2022, and therefore is no longer subject to Section 16 reporting. See Exhibit 24 - Power of Attorney EXHIBIT LIST: EX-24 Marino Peter A.