Steven S. Fendley - 10 Apr 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
Issuer symbol
KTOS
Transactions as of
10 Apr 2022
Net transactions value
-$420,071
Form type
4
Filing time
12 Apr 2022, 19:34:59 UTC
Previous filing
06 Apr 2022
Next filing
27 Apr 2022
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 +5,000 +1.5% $0.000000 336,911 10 Apr 2022 Direct F2
transaction KTOS Common Stock Tax liability $38,179 -1,967 -0.58% $19.41 334,944 10 Apr 2022 Direct F4
transaction KTOS Common Stock Options Exercise $0 +50,000 +15% $0.000000 384,944 10 Apr 2022 Direct F3
transaction KTOS Common Stock Tax liability $381,892 -19,675 -5.1% $19.41 365,269 10 Apr 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 Options Exercise $0 -5,000 -100% $0.000000* 0 10 Apr 2022 Common Stock 5,000 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -50,000 -100% $0.000000* 0 10 Apr 2022 Common Stock 50,000 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 were granted and previously reported on a Form 4 filed April 12, 2017; 5,000 RSUs vested on April 10, 2022 and underlying shares of common stock were released for settlement.
F3 RSUs were granted and previously reported on a Form 4 filed April 12, 2017; 50,000 RSUs vested on April 10, 2022 and underlying shares of common stock were released for settlement.
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.