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

Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, sold 7,000 shares of common stock at an average price of $26.5113, under a pre-arranged 10b5-1 trading plan.

Summary

• Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, sold 7,000 shares of the company's common stock.
• The sale occurred on November 25, 2024, at a weighted average price of $26.5113 per share.
• The shares were sold under a pre-arranged 10b5-1 trading plan adopted on May 20, 2024.
• The sale was executed in multiple transactions with prices ranging from $26.24 to $27.06 per share.
• Following the transaction, Fendley beneficially owns 349,406 shares, including approximately 1,894 shares held through the company's 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine Form 4 filing for an executive stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

This is a routine transaction for executives who use 10b5-1 plans to manage their stock sales, and is not unusual in the defense and security industry.

Comparison to Industry Standards

• Executive stock sales under 10b5-1 plans are common across all industries, including the defense sector.
• Companies like Lockheed Martin, Northrop Grumman, and Raytheon also see similar filings from their executives.
• The volume and price of the sale are not unusual for an executive at this level.

Stakeholder Impact

• The stock sale may have a minor impact on the share price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

Kratos Defense & Security Solutions, insider trading, Form 4, 10b5-1 plan, stock sale, executive, Steven S. Fendley