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

Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, sold 3,500 shares of common stock at an average price of $21.2616 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, sold 3,500 shares of common stock on July 15, 2024.
• The sale was executed under a 10b5-1 trading plan adopted on September 15, 2023.
• The shares were sold at prices ranging from $21.155 to $21.41, with a weighted average price of $21.2616.
• Following the transaction, Carrai directly owns 279,575 shares and indirectly owns 46,644 shares through a trust.
• The directly owned shares include 11,385 shares purchased through the Employee Stock Purchase Plan and approximately 3,966 shares held through the 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a routine Form 4 filing, indicating a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, as it's a standard disclosure.

Industry Context

Executive stock sales are a common occurrence and are often part of personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of trading on non-public information.

Key Dates