Steven S. Fendley - Jan 3, 2023 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
Jan 3, 2023
Transactions value $
-$126,318
Form type
4
Date filed
1/5/2023, 07:23 PM
Previous filing
Aug 31, 2022
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +10K +3% $0.00 343K Jan 3, 2023 Direct F3
transaction KTOS Common Stock Tax liability -$42.3K -4.22K -1.23% $10.03 339K Jan 3, 2023 Direct F6
transaction KTOS Common Stock Options Exercise $0 +10K +2.95% $0.00 349K Jan 3, 2023 Direct F4
transaction KTOS Common Stock Tax liability -$44.8K -4.47K -1.28% $10.03 345K Jan 3, 2023 Direct F6
transaction KTOS Common Stock Options Exercise $0 +10K +2.9% $0.00 355K Jan 4, 2023 Direct F5
transaction KTOS Common Stock Tax liability -$39.3K -3.85K -1.08% $10.21 351K Jan 4, 2023 Direct F6

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 +50K $0.00 50K Jan 3, 2023 Common Stock 50K Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -10K -33.33% $0.00 20K Jan 3, 2023 Common Stock 10K Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -10K -20% $0.00 40K Jan 3, 2023 Common Stock 10K Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -10K -25% $0.00 30K Jan 4, 2023 Common Stock 10K Direct F1, F5
* 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 five 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 January 6, 2020, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2020 date of grant.
F4 RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2022 date of grant.
F5 RSUs were granted and previously reported on a Form 4 filed January 5, 2021 where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F6 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.