Steven S. Fendley - Apr 4, 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
Apr 4, 2023
Transactions value $
-$81,955
Form type
4
Date filed
4/6/2023, 08:06 PM
Previous filing
Mar 21, 2023
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +3.33K +0.92% $0.00 365K Apr 4, 2023 Direct F2, F5
transaction KTOS Common Stock Tax liability -$17.2K -1.29K -0.35% $13.29 364K Apr 4, 2023 Direct F4, F5
transaction KTOS Common Stock Options Exercise $0 +13.3K +3.67% $0.00 377K Apr 5, 2023 Direct F3, F5
transaction KTOS Common Stock Tax liability -$64.8K -5.02K -1.33% $12.90 372K Apr 5, 2023 Direct F4, F5

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 -3.33K -33.34% $0.00 6.67K Apr 4, 2023 Common Stock 3.33K Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -13.3K -50% $0.00 13.3K Apr 5, 2023 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 were granted and previously reported on a Form 4 filed April 6, 2022, where 10,000 RSUs vest ratably on each of the first three anniversaries of the April 4, 2022 date of grant.
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, 13,333 shares of the underlying common stock were released for settlement on April 5, 2023.
F4 Shares withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released as reported in this Form 4.
F5 Includes approximately 597 shares held through Issuer's 401(k) Plan.