Gary Stephen May - May 11, 2023 Form 4 Insider Report for Leidos Holdings, Inc. (LDOS)

Role: Director
Signature: /s/ Ramune M. Kligys by PoA of Gary Stephen May
Stock symbol: LDOS
Transactions as of: May 11, 2023
Transactions value $: -$206,053
Form type: 4
Date filed: 5/12/2023, 04:30 PM
Previous filing: May 9, 2023
Next filing: Feb 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LDOS	Common Stock	Options Exercise	$206K	+5.19K	+45.75%	$39.70	16.5K	May 11, 2023	Direct
transaction	LDOS	Common Stock	Tax liability	-$206K	-2.58K	-15.56%	$80.06	14K	May 11, 2023	Direct	F1
transaction	LDOS	Common Stock	Sale	-$206K	-2.62K	-18.74%	$78.71	11.4K	May 11, 2023	Direct	F2

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	LDOS	Stock Option (Right to Buy)	Options Exercise	$0	-5.19K	-100%	$0.00^*	0	May 11, 2023	Common Stock	5.19K	$39.70	Direct

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

Explanation of Responses:

Id	Content
F1	Represents shares of common stock withheld by the issuer in connection with the option exercise to cover the exercise price and associated fees.
F2	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices from $78.66 to $78.76 inclusive. The reporting person undertakes to providing to Leidos Holdings, Inc., any security holder of Leidos Holdings, Inc., or the staff of the Securities Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.

Content

Represents shares of common stock withheld by the issuer in connection with the option exercise to cover the exercise price and associated fees.

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices from $78.66 to $78.76 inclusive. The reporting person undertakes to providing to Leidos Holdings, Inc., any security holder of Leidos Holdings, Inc., or the staff of the Securities Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.