Form 4: Kratos Executive Phillip D. Carrai Sells Shares Under 10b5-1 Trading Plan

Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, sold 3,500 shares of common stock at an average price of $17.3951 under a pre-arranged trading plan.

Summary

• On March 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 $17.3951, with individual prices ranging from $17.21 to $17.58.
• Following the transaction, Carrai directly owns 292,944 shares and indirectly owns 46,644 shares through a trust.
• The direct holdings include 11,385 shares purchased through the Employee Stock Purchase Plan and approximately 3,335 shares held through the 401(k) Plan.

Sentiment

Score: 5

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

Industry Context

Sales by company insiders are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading based on non-public information.

Key Dates