Steven S. Fendley - Jul 9, 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: Jul 9, 2023
Transactions value $: -$26,436
Form type: 4
Date filed: 7/11/2023, 07:37 PM
Previous filing: Jun 9, 2023
Next filing: Aug 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KTOS	Common Stock	Options Exercise	$0	+5K	+1.44%	$0.00	352K	Jul 9, 2023	Direct	F2, F4
transaction	KTOS	Common Stock	Tax liability	-$26.4K	-1.97K	-0.56%	$13.44	350K	Jul 9, 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	-5K	-100%	$0.00^*	0	Jul 9, 2023	Common Stock	5K		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.