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

Marie Mendoza, SVP & General Counsel at Kratos Defense & Security Solutions, sold 1,500 shares of common stock at $33.30 per share 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.
• The sale occurred on January 15, 2025, at a price of $33.30 per share.
• This transaction was executed under a pre-existing 10b5-1 trading plan adopted on March 15, 2021, and amended on December 4, 2023.
• Following the sale, Ms. Mendoza directly owns 61,782 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 reflects a routine transaction under a pre-arranged trading plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for an executive under a pre-arranged trading plan 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 is relatively small compared to the total outstanding shares of KTOS, and is not indicative of a major shift in executive sentiment.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the small volume of shares sold and the pre-planned nature of the transaction.

Key Dates

Keywords

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