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, Inc., sold 3,500 shares of common stock at an average price of $18.1863 per share on April 15, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 15, 2024, Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, Inc., 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 $18.1863.
• The price range for individual transactions was between $18.05 and $18.33.
• Following the transaction, Carrai directly owns 290,118 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 4,009 shares held through the 401(k) Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company's performance.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through 10b5-1 trading plans to avoid accusations of insider trading. The market typically views these sales in the context of the overall holdings of the insider and the reasons behind the sale (e.g., diversification, personal financial needs).

Stakeholder Impact

• The sale of shares by an officer could have a minor psychological impact on shareholders, but given the pre-planned nature of the sale, the impact is likely to be minimal.

Key Dates