Form 4: Kratos Defense Executive Sells Shares Under 10b5-1 Plan

Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, Inc., sold 7,000 shares of common stock for approximately $69.62 per share.

Summary

• Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, Inc. (KTOS), reported a sale of 7,000 shares of common stock.
• The transaction occurred on November 24, 2025.
• The shares were sold at a weighted average price of $69.6238 per share, with individual transaction prices ranging from $69.35 to $70.15.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Fendley on May 12, 2025.
• Following this transaction, Mr. Fendley beneficially owns 325,438 shares of Kratos Defense & Security Solutions common stock, which includes approximately 2,311 shares held through the Issuer's 401(k) Plan.

Sentiment

Score: 5

Explanation: This is a neutral, routine insider transaction executed under a pre-arranged 10b5-1 plan. Such plans are typically set up for personal financial planning and do not usually signal a change in company outlook or performance. The size of the sale is not exceptionally large relative to the insider's total holdings.

Industry Context

This insider transaction is a routine disclosure for publicly traded companies and does not inherently reflect broader industry trends or competitive positioning. It is a standard reporting requirement for officers of defense and security solutions companies.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors as this is a routine, pre-planned insider stock sale.
• May be viewed by some investors as an insider taking profits, but the execution under a 10b5-1 plan generally mitigates concerns about opportunistic selling based on non-public information.

Key Dates

Keywords

Kratos Defense, KTOS, Form 4, Insider Trading, Stock Sale, Steven S. Fendley, 10b5-1 Plan