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

Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, sold 6,000 shares of common stock at an average price of $32.9926 on April 15, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 15, 2025, Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, sold 6,000 shares of common stock.
• The sale was executed at a weighted average price of $32.9926 per share.
• The transactions occurred under a 10b5-1 trading plan adopted on November 15, 2024.
• Following the reported transaction, Carrai directly owns 288,048 shares and indirectly owns 46,644 shares through a trust.
• The direct holdings include shares purchased through the Employee Stock Purchase Plan and shares held in the 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock sale by an officer under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned through 10b5-1 trading plans to avoid accusations of trading on material non-public information. The market typically views such sales in the context of the individual's overall holdings and the reasons behind the sale.

Stakeholder Impact

• The sale of shares by an officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Kratos Defense & Security Solutions, KTOS, Phillip D. Carrai, Stock Sale, 10b5-1 Trading Plan, Insider Trading