Marie Mendoza - 04 Jun 2022 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role: SVP & General Counsel
Signature: Marie C. Mendoza, by Eva Yee, Attorney-In-Fact
Issuer symbol: KTOS
Transactions as of: 04 Jun 2022
Net transactions value: -$7,002
Form type: 4
Filing time: 07 Jun 2022, 19:34:29 UTC
Previous filing: 22 Apr 2022
Next filing: 05 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KTOS	Common Stock	Options Exercise	$0	+1,000	+2.6%	$0.000000	38,805	04 Jun 2022	Direct	F2, F4
transaction	KTOS	Common Stock	Tax liability	$7,002	-475	-1.2%	$14.74	38,330	04 Jun 2022	Direct	F3, F4

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	Options Exercise	$0	-1,000	-25%	$0.000000	3,000	04 Jun 2022	Common Stock	1,000		Direct	F1, F2

* 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 were granted and previously reported on a Form 4 filed June 5, 2020, where 5,000 RSUs vest on each of the first five anniversaries of the June 4, 2020 date of grant.
F3	Shares withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released as reported in this Form 4.
F4	Includes 318 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 12,808 shares held through Issuer's 401(k) Plan.