Maria Cervantes de Burgreen - 03 Jan 2025 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role
VP & Corp. Controller
Signature
Maria Cervantes de Burgreen, by Eva Yee, Attorney-In-Fact
Issuer symbol
KTOS
Transactions as of
03 Jan 2025
Net transactions value
-$758,744
Form type
4
Filing time
07 Jan 2025, 19:35:06 UTC
Previous filing
12 Mar 2024
Next filing
17 Mar 2025
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 +2,500 +3.9% $0.000000 66,941 03 Jan 2025 Direct F3, F9
transaction KTOS Common Stock Tax liability $36,493 -1,328 -2% $27.48 65,613 03 Jan 2025 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +2,500 +3.8% $0.000000 68,113 03 Jan 2025 Direct F4, F9
transaction KTOS Common Stock Tax liability $36,493 -1,328 -1.9% $27.48 66,785 03 Jan 2025 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +2,500 +3.7% $0.000000 69,285 03 Jan 2025 Direct F5, F9
transaction KTOS Common Stock Tax liability $34,185 -1,244 -1.8% $27.48 68,041 03 Jan 2025 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +2,500 +3.7% $0.000000 70,541 04 Jan 2025 Direct F6, F9
transaction KTOS Common Stock Tax liability $32,866 -1,196 -1.7% $27.48 69,345 04 Jan 2025 Direct F8, F9
transaction KTOS Common Stock Options Exercise $0 +2,500 +3.6% $0.000000 71,845 04 Jan 2025 Direct F7, F9
transaction KTOS Common Stock Tax liability $32,866 -1,196 -1.7% $27.48 70,649 04 Jan 2025 Direct F8, F9
transaction KTOS Common Stock Sale $495,840 -16,528 -23% $30.00 54,121 07 Jan 2025 Direct F9, F10
transaction KTOS Common Stock Sale $90,000 -3,000 -5.5% $30.00 51,121 07 Jan 2025 Direct F9, F10

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 Award $0 +12,500 $0.000000 12,500 03 Jan 2025 Common Stock 12,500 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -2,500 -100% $0.000000 0 03 Jan 2025 Common Stock 2,500 Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -2,500 -33% $0.000000 5,000 03 Jan 2025 Common Stock 2,500 Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -2,500 -25% $0.000000 7,500 03 Jan 2025 Common Stock 2,500 Direct F1, F5
transaction KTOS Restricted Stock Units Options Exercise $0 -2,500 -50% $0.000000 2,500 04 Jan 2025 Common Stock 2,500 Direct F1, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -2,500 -20% $0.000000 10,000 04 Jan 2025 Common Stock 2,500 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 vest ratably on each of the first five anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement.
F3 RSUs were granted and previously reported on a Form 4 filed January 6, 2020, where 12,500 RSUs vest ratably on each of the first five anniversaries of the January 3, 2020 date of grant.
F4 RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 12,500 RSUs vest ratably on each of the first five anniversaries of the January 3, 2022 date of grant.
F5 RSUs were granted and previously reported on a Form 4 filed January 5, 2023, where 12,500 RSUs vest ratably on each of the first five anniversaries of the January 3, 2023 date of grant.
F6 RSUs were granted and previously reported on a Form 4 filed January 5, 2021, where 12,500 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F7 RSUs were granted and previously reported on a Form 4 filed January 5, 2024, where 12,500 RSUs vest ratably on each of the first five anniversaries of the January 4, 2024 date of grant.
F8 Shares withheld in a net transaction to satisfy the tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4.
F9 Includes 6,249 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 6,470 shares held through Issuer's 401(k).
F10 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on June 6, 2024.