Steven S. Fendley - 09 Jul 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
Issuer symbol
KTOS
Transactions as of
09 Jul 2023
Net transactions value
-$26,436
Form type
4
Filing time
11 Jul 2023, 19:37:51 UTC
Previous filing
09 Jun 2023
Next filing
18 Aug 2023
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 +1.4% $0.000000 352,143 09 Jul 2023 Direct F2, F4
transaction KTOS Common Stock Tax liability $26,436 -1,967 -0.56% $13.44 350,176 09 Jul 2023 Direct F3, 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 09 Jul 2023 Common Stock 5,000 Direct F1, F2
* 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 July 10, 2018, where 25,000 RSUs vest 20% on each of the first five anniversaries of the July 9, 2018 date of grant.
F3 Shares withheld in a net transaction to satisfy the tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4.
F4 Includes approximately 905 shares held through Issuer's 401(k) Plan.