Form 4: Kratos Officer Phillip D. Carrai Reports Stock Transaction

Phillip D. Carrai, President of STC Division at Kratos Defense & Security Solutions, reports disposition of shares to cover tax liability and discloses holdings including shares purchased through employee stock plans.

Summary

• On March 8, 2024, Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, reported a transaction involving Kratos common stock.
• 60,129 shares were disposed of to satisfy tax liabilities related to vested performance restricted stock units.
• The transaction was executed at a price of $18.24 per share.
• Following the transaction, Carrai directly owns 296,433 shares and indirectly owns 46,644 shares held by trust.
• The direct holdings include 11,385 shares purchased through the Employee Stock Purchase Plan and approximately 3,324 shares held through the 401(k) Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The report indicates participation in the Employee Stock Purchase Plan, suggesting confidence in the company's future.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for officers of publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates