Steven S. Fendley - 04 Apr 2024 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
04 Apr 2024
Net transactions value
-$114,817
Form type
4
Filing time
08 Apr 2024, 19:11:21 UTC
Previous filing
27 Mar 2024
Next filing
01 May 2024
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 +3,333 +0.79% $0.000000 423,193 04 Apr 2024 Direct F2, F5
transaction KTOS Common Stock Tax liability $22,791 -1,292 -0.31% $17.64 421,901 04 Apr 2024 Direct F4, F5
transaction KTOS Common Stock Options Exercise $0 +13,333 +3.2% $0.000000 435,234 05 Apr 2024 Direct F3, F5
transaction KTOS Common Stock Tax liability $92,026 -5,170 -1.2% $17.80 430,064 05 Apr 2024 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 -3,333 -50% $0.000000 3,333 04 Apr 2024 Common Stock 3,333 Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -13,333 -100% $0.000000* 0 05 Apr 2024 Common Stock 13,333 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.
F4 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.
F5 Includes approximately 1,552 shares held through Issuer's 401(k) Plan.