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

A Kratos Defense & Security Solutions executive, Marie Mendoza, sold 1,500 shares of common stock at an average price of $27.9611, under a pre-arranged 10b5-1 trading plan.

Summary

• Marie Mendoza, a Senior Vice President and General Counsel at Kratos Defense & Security Solutions, sold 1,500 shares of the company's common stock on December 16, 2024.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on March 15, 2021, and amended on December 4, 2023.
• The shares were sold at a weighted average price of $27.9611, with individual transaction prices ranging from $27.56 to $28.46.
• Following the transaction, Ms. Mendoza beneficially owns 55,631 shares of Kratos common stock.
• This total includes 1,738 shares purchased through the company's Employee Stock Purchase Plan and approximately 14,338 shares held through the company's 401(k) Plan.

Sentiment

Score: 5

Explanation: The document reflects a routine stock sale by an executive under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

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 publicly traded companies, including those in the defense sector such as Lockheed Martin (LMT) and Northrop Grumman (NOC).
• These plans allow executives to sell shares without being accused of insider trading, as the sales are pre-scheduled.
• The volume of shares sold by Ms. Mendoza is relatively small compared to the overall trading volume of KTOS, and is not expected to have a significant impact on the stock price.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the relatively small volume and pre-planned nature of the transaction.

Key Dates

Keywords

Kratos Defense & Security Solutions, insider trading, 10b5-1 plan, stock sale, executive, Marie Mendoza, KTOS