Steven S. Fendley - Apr 10, 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 10, 2022
Transactions value $
-$420,071
Form type
4
Date filed
4/12/2022, 07:34 PM
Previous filing
Apr 6, 2022
Next filing
Apr 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +5K +1.51% $0.00 337K Apr 10, 2022 Direct F2
transaction KTOS Common Stock Tax liability -$38.2K -1.97K -0.58% $19.41 335K Apr 10, 2022 Direct F4
transaction KTOS Common Stock Options Exercise $0 +50K +14.93% $0.00 385K Apr 10, 2022 Direct F3
transaction KTOS Common Stock Tax liability -$382K -19.7K -5.11% $19.41 365K Apr 10, 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 -5K -100% $0.00* 0 Apr 10, 2022 Common Stock 5K Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -50K -100% $0.00* 0 Apr 10, 2022 Common Stock 50K 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.