Steven S. Fendley - 17 Mar 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: 17 Mar 2023
Transactions value $: -$82,237
Form type: 4
Filing time: 21 Mar 2023, 19:23:27 UTC
Previous filing: 05 Jan 2023
Next filing: 06 Apr 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	+16.7K	+4.66%	$0.00	374K	17 Mar 2023	Direct	F2, F4
transaction	KTOS	Common Stock	Tax liability	-$82.2K	-6.56K	-1.75%	$12.54	368K	17 Mar 2023	Direct	F3, 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	Options Exercise	$0	-16.7K	-100%	$0.00^*	0	17 Mar 2023	Common Stock	16.7K		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 March 19, 2020, where 50,000 RSUs vest ratably on each of the first three anniversaries of the March 17, 2020 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.
F4	Includes approximately 6,650 shares held in Issuer's 401(k) Plan.