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

Role
10%+ Owner
Signature
/s/ Federico Bonaiuto, General Counsel, Leonardo S.p.a.
Issuer symbol
DRS
Transactions as of
21 Nov 2023
Net transactions value
-$353,187,540
Form type
4
Filing time
21 Nov 2023, 17:54:01 UTC
Previous filing
28 Nov 2022
SEC
View on sec.gov

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 $353,187,540 -20,700,000 -9.8% $17.06 189,745,073 21 Nov 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