Steven S. Fendley - Jul 9, 2021 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role: President, US Division
Signature: Steven S. Fendley, by Eva Yee, Attorney-In-Fact
Stock symbol: KTOS
Transactions as of: Jul 9, 2021
Transactions value $: -$55,469
Form type: 4
Date filed: 7/9/2021, 07:16 PM
Previous filing: Jun 30, 2021
Next filing: Jul 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KTOS	Common Stock	Options Exercise	$0	+5K	+1.54%	$0.00	330K	Jul 9, 2021	Direct	F2
transaction	KTOS	Common Stock	Tax liability	-$55.5K	-1.97K	-0.6%	$28.20	328K	Jul 9, 2021	Direct	F3

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	-5K	-33.33%	$0.00	10K	Jul 9, 2021	Common Stock	5K		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 July 10, 2018, where 25,000 RSUs vest 20% on each of the first five anniversaries of the July 9, 2018 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.