Steven S. Fendley - Mar 17, 2022 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: Mar 17, 2022
Transactions value $: -$143,242
Form type: 4
Date filed: 3/18/2022, 07:40 PM
Previous filing: Mar 2, 2022
Next filing: Apr 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KTOS	Common Stock	Options Exercise	$0	+16.7K	+5.18%	$0.00	338K	Mar 17, 2022	Direct	F2
transaction	KTOS	Common Stock	Tax liability	-$143K	-7.59K	-2.24%	$18.87	331K	Mar 17, 2022	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	-16.7K	-50%	$0.00	16.7K	Mar 17, 2022	Common Stock	16.7K		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 March 19, 2020, where 50,000 RSUs vest ratably on each of the first three anniversaries of the March 17, 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 vested as reported in this Form 4.