Form 4: Kratos SVP & General Counsel Marie Mendoza Sells 1,500 Shares Under 10b5-1 Plan

Marie Mendoza, SVP & General Counsel of Kratos Defense & Security Solutions, Inc., sold 1,500 shares of common stock at an average price of $18.1805 on April 15, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 15, 2024, Marie Mendoza, the SVP & General Counsel of Kratos Defense & Security Solutions, Inc. (KTOS), sold 1,500 shares of the company's common stock.
• The sale was executed at a weighted average price of $18.1805 per share, with individual prices ranging from $18.07 to $18.38.
• The transaction was conducted under a 10b5-1 trading plan adopted on March 15, 2021, and amended on December 4, 2023.
• Following the sale, Mendoza directly owns 67,030 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 is a routine disclosure of a stock sale by an executive under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates this concern.

Key Dates