Leonardo S.p.a - Nov 21, 2023 Form 4 Insider Report for Leonardo DRS, Inc. (DRS)

Role
10%+ Owner
Signature
/s/ Federico Bonaiuto, General Counsel, Leonardo S.p.a.
Stock symbol
DRS
Transactions as of
Nov 21, 2023
Transactions value $
-$353,187,540
Form type
4
Date filed
11/21/2023, 05:54 PM
Previous filing
Nov 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRS Common Stock, par value $0.01 per share Sale -$353M -20.7M -9.84% $17.06 190M Nov 21, 2023 See Footnote 1 F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Leonardo S.p.a., as the parent of Leonardo US Holding, LLC (the "Selling Stockholder"), beneficially owns the shares of Leonardo DRS, Inc.'s common stock (the "Common Stock") reported hereby, which are owned of record by the Selling Stockholder.
F2 On November 21, 2023, the Selling Stockholder sold 20,700,000 shares of Common Stock of Leonardo DRS, Inc. in an underwritten public offering at a per share price of $17.062188 pursuant to the Underwriting Agreement, dated November 16, 2023, by and among the Selling Stockholder, Leonardo DRS, Inc. and the underwriters party thereto, which includes the exercise in full of the underwriters' option to purchase additional shares. The public offering price in the underwritten public offering was $17.750000 per share