Steven S. Fendley - 04 Apr 2022 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 2022
Transactions value $
-$110,900
Form type
4
Filing time
06 Apr 2022, 19:32:55
Previous filing
01 Apr 2022
Next filing
12 Apr 2022
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 +13.3K +4.12% $0.00 337K 05 Apr 2022 Direct F3
transaction KTOS Common Stock Tax liability -$111K -5.25K -1.56% $21.14 332K 05 Apr 2022 Direct 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 Award $0 +10K $0.00 10K 04 Apr 2022 Common Stock 10K Direct F1, F2
transaction KTOS Restricted Stock Units Options Exercise $0 -13.3K -33.34% $0.00 26.7K 05 Apr 2022 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 vest ratably on each of the first three anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement.
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. Of these RSUs, 13,334 shares of the underlying common stock were released for settlement on April 5, 2022.
F4 Shares withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4.