Form 4: Kratos Defense & Security Solutions Executive Thomas E. Mills IV Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Thomas E. Mills IV, President of the C5ISR Division at Kratos Defense & Security Solutions, sold a total of 5,343 shares of common stock on September 3, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On September 3, 2024, Thomas E. Mills IV, President of the C5ISR Division at Kratos Defense & Security Solutions, sold 427 shares of common stock at a weighted average price of $22.5401.
- He also sold 4,916 shares at a weighted average price of $22.4067.
- These transactions were executed under a 10b5-1 trading plan adopted on May 31, 2024.
- Following these sales, Mills directly owns 29,172 shares of Kratos common stock, which includes shares purchased through the Employee Stock Purchase Plan and held in the 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date the reporting person adopted the 10b5-1 trading plan. |
| 09/03/2024 | Date of the stock sale transactions. |
| 09/05/2024 | Date of the Form 4 filing. |
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