Steven S. Fendley - 09 Jul 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: 09 Jul 2022
Transactions value $: -$27,164
Form type: 4
Filing time: 12 Jul 2022, 19:39:31 UTC
Previous filing: 29 Jun 2022
Next filing: 27 Jul 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	+5K	+1.45%	$0.00	349K	09 Jul 2022	Direct	F2
transaction	KTOS	Common Stock	Tax liability	-$27.2K	-1.97K	-0.56%	$13.81	347K	09 Jul 2022	Direct	F3

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	-50%	$0.00	5K	09 Jul 2022	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 minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released as reported in this Form 4.