Form 4: Kratos Officer 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 a weighted average price of $20.1911.

Summary

• Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, sold 3,500 shares of common stock on May 15, 2024.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on September 15, 2023.
• The shares were sold at prices ranging from $20.133 to $20.25, with a weighted average price of $20.1911.
• Following the transaction, Carrai directly owns 286,587 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 3,978 shares held through the 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an officer. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often pre-planned using 10b5-1 trading plans to avoid accusations of insider trading. The sale represents a small percentage of Carrai's overall holdings in Kratos.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates