Form 4: Kratos Defense & Security Solutions Officer Phillip D. Carrai 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 a weighted average price of $20.0865 per share on August 15, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 15, 2024, Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, sold 3,500 shares of common stock.
• The sale was executed under a 10b5-1 trading plan adopted on September 15, 2023.
• The shares were sold at a weighted average price of $20.0865.
• The price range for the sales was between $19.963 and $20.21.
• Following the transaction, Carrai directly owns 276,091 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 3,982 shares held through the 401(k) Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of overall company performance and insider sentiment. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on immediate inside information.

Key Dates