ERIC M. DEMARCO - 02 Jan 2024 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role
President & CEO, Director
Signature
Eric M. DeMarco, by Eva Yee, Attorney-In-Fact
Issuer symbol
KTOS
Transactions as of
02 Jan 2024
Transactions value $
-$1,441,369
Form type
4
Filing time
04 Jan 2024, 21:46:21 UTC
Previous filing
05 Jan 2023
Next filing
04 Mar 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 +30K +4.38% $0.00 715K 02 Jan 2024 by trust F3, F9
transaction KTOS Common Stock Tax liability -$240K -12.1K -1.7% $19.76 703K 02 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +30K +4.27% $0.00 733K 03 Jan 2024 by trust F4, F9
transaction KTOS Common Stock Tax liability -$218K -11.8K -1.61% $18.50 721K 03 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +30K +4.16% $0.00 751K 03 Jan 2024 by trust F5, F9
transaction KTOS Common Stock Tax liability -$218K -11.8K -1.57% $18.50 740K 03 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +25K +3.38% $0.00 765K 03 Jan 2024 by trust F6, F9
transaction KTOS Common Stock Tax liability -$182K -9.84K -1.29% $18.50 755K 03 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +50K +6.62% $0.00 805K 03 Jan 2024 by trust F6, F9
transaction KTOS Common Stock Tax liability -$364K -19.7K -2.44% $18.50 785K 03 Jan 2024 by trust F8, F9
transaction KTOS Common Stock Options Exercise $0 +30K +3.82% $0.00 815K 04 Jan 2024 by trust F7, F9
transaction KTOS Common Stock Tax liability -$219K -11.8K -1.45% $18.53 803K 04 Jan 2024 by trust F8, F9
holding KTOS Common Stock 60.3K 02 Jan 2024 Direct F10

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 Award $0 +150K $0.00 150K 04 Jan 2024 Common Stock 150K Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -30K -100% $0.00* 0 02 Jan 2024 Common Stock 30K Direct F1, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -30K -25% $0.00 90K 03 Jan 2024 Common Stock 30K Direct F1, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -30K -20% $0.00 120K 03 Jan 2024 Common Stock 30K Direct F1, F5
transaction KTOS Restricted Stock Units Options Exercise $0 -25K -100% $0.00* 0 03 Jan 2024 Common Stock 25K Direct F1, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -50K -100% $0.00* 0 03 Jan 2024 Common Stock 50K Direct F1, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -30K -33.33% $0.00 60K 04 Jan 2024 Common Stock 30K Direct F1, F7
* 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 vest ratably on each of the first five anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement.
F3 RSUs were granted on January 2, 2009, vested on the 15th anniversary and released January 2, 2024.
F4 RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 150,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2022 date of grant.
F5 RSUs were granted and previously reported on a Form 4 filed January 5, 2023, where 150,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2023 date of grant.
F6 RSUs were granted on January 3, 2014, vested on the 10th anniversary and released January 3, 2024.
F7 RSUs were granted and previously reported on a Form 4 filed January 5, 2021, where 150,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F8 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.
F9 RSUs were granted to Reporting Person, and per Reporting Person's instructions, the common stock from such released RSUs were issued to Reporting Person's trust.
F10 Includes 41,661 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 18,612 shares held through Issuer's 401(k).