Steven S. Fendley - 03 Jan 2023 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: 03 Jan 2023
Transactions value $: -$126,318
Form type: 4
Filing time: 05 Jan 2023, 19:23:31
Previous filing: 31 Aug 2022
Next filing: 21 Mar 2023
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	+10K	+3%	$0.00	343K	03 Jan 2023	Direct	F3
transaction	KTOS	Common Stock	Tax liability	-$42.3K	-4.22K	-1.23%	$10.03	339K	03 Jan 2023	Direct	F6
transaction	KTOS	Common Stock	Options Exercise	$0	+10K	+2.95%	$0.00	349K	03 Jan 2023	Direct	F4
transaction	KTOS	Common Stock	Tax liability	-$44.8K	-4.47K	-1.28%	$10.03	345K	03 Jan 2023	Direct	F6
transaction	KTOS	Common Stock	Options Exercise	$0	+10K	+2.9%	$0.00	355K	04 Jan 2023	Direct	F5
transaction	KTOS	Common Stock	Tax liability	-$39.3K	-3.85K	-1.08%	$10.21	351K	04 Jan 2023	Direct	F6

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	+50K		$0.00	50K	03 Jan 2023	Common Stock	50K		Direct	F1, F2
transaction	KTOS	Restricted Stock Units	Options Exercise	$0	-10K	-33.33%	$0.00	20K	03 Jan 2023	Common Stock	10K		Direct	F1, F3
transaction	KTOS	Restricted Stock Units	Options Exercise	$0	-10K	-20%	$0.00	40K	03 Jan 2023	Common Stock	10K		Direct	F1, F4
transaction	KTOS	Restricted Stock Units	Options Exercise	$0	-10K	-25%	$0.00	30K	04 Jan 2023	Common Stock	10K		Direct	F1, F5

* 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 and previously reported on a Form 4 filed January 6, 2020, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2020 date of grant.
F4	RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 50,000 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, 2021 where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F6	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.