Steven S. Fendley - Apr 4, 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: Apr 4, 2022
Transactions value $: -$110,900
Form type: 4
Date filed: 4/6/2022, 07:32 PM
Previous filing: Apr 1, 2022
Next filing: Apr 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KTOS	Common Stock	Options Exercise	$0	+13.3K	+4.12%	$0.00	337K	Apr 5, 2022	Direct	F3
transaction	KTOS	Common Stock	Tax liability	-$111K	-5.25K	-1.56%	$21.14	332K	Apr 5, 2022	Direct	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	Award	$0	+10K		$0.00	10K	Apr 4, 2022	Common Stock	10K		Direct	F1, F2
transaction	KTOS	Restricted Stock Units	Options Exercise	$0	-13.3K	-33.34%	$0.00	26.7K	Apr 5, 2022	Common Stock	13.3K		Direct	F1, F3

* 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 vest ratably on each of the first three 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 April 8, 2021, where 40,000 RSUs vest ratably on each of the first three anniversaries of the April 5, 2021 date of grant. Of these RSUs, 13,334 shares of the underlying common stock were released for settlement on April 5, 2022.
F4	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.