Steven S. Fendley - Apr 4, 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
Stock symbol
KTOS
Transactions as of
Apr 4, 2024
Transactions value $
-$114,817
Form type
4
Date filed
4/8/2024, 07:11 PM
Previous filing
Mar 27, 2024
Next filing
May 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Options Exercise $0 +3.33K +0.79% $0.00 423K Apr 4, 2024 Direct F2, F5
transaction KTOS Common Stock Tax liability -$22.8K -1.29K -0.31% $17.64 422K Apr 4, 2024 Direct F4, F5
transaction KTOS Common Stock Options Exercise $0 +13.3K +3.16% $0.00 435K Apr 5, 2024 Direct F3, F5
transaction KTOS Common Stock Tax liability -$92K -5.17K -1.19% $17.80 430K Apr 5, 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 -3.33K -50% $0.00 3.33K Apr 4, 2024 Common Stock 3.33K Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -13.3K -100% $0.00* 0 Apr 5, 2024 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.
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.