Form 4: Leidos Director Amends Holdings, Exercises Options
Insider Transaction Report (Amendment)
Leidos Holdings Director Noel B. Geer filed an amended Form 4 to correct a prior share sale attribution and report the exercise of stock options.
Summary
- Noel B. Geer, a Director at Leidos Holdings, Inc. (LDOS), filed a Form 4.
- The filing reports the exercise of stock options on August 27, 2025, to acquire 3,345 shares of common stock at an exercise price of $75.02 per share. These options were exercisable from May 10, 2020, and are set to expire on May 9, 2026.
- Additionally, the filing corrects an administrative error from a previous Form 4 filed on November 8, 2023.
- The error involved a sale of 2,106 shares of common stock on November 6, 2023, which was incorrectly attributed to the Reporting Person's indirect ownership via a Family Trust.
- The correction clarifies that these 2,106 shares were sold directly by Noel B. Geer.
- As a result of the correction, the post-transaction balances were adjusted: shares held indirectly by the Family Trust increased by 2,106, and shares held directly by the Reporting Person decreased by 2,106, reflecting the correct holdings.
- Following these transactions and corrections, Noel B. Geer directly holds 37,018.8435 shares of common stock, indirectly holds 2,000 shares via a spouse, and 32,000 shares indirectly via a Family Trust.
Sentiment
Score: 6
Explanation: The correction of an administrative error is a positive for transparency and regulatory compliance. The option exercise is a routine insider transaction, generally neutral in sentiment, though it reflects a director's engagement with company stock.
Positives
- Correction of an administrative error enhances transparency and accuracy of insider holdings.
- Exercise of stock options by a director can indicate confidence in the company's future performance or a planned liquidity event.
Negatives
- The necessity for a correction indicates a past administrative oversight in reporting insider transactions.
Future Outlook
No specific future outlook or guidance is provided in this filing beyond the expiration date of the stock options.
Industry Context
This filing is an insider transaction report and correction, which primarily reflects individual executive activity rather than broader industry trends. Leidos Holdings operates in the defense, intelligence, and government services sector.
Related Party Transactions
- The filing details indirect beneficial ownership through a spouse (2,000 shares) and a Family Trust (32,000 shares), which are considered related party holdings.
Stakeholder Impact
- Shareholders benefit from increased transparency and accuracy of insider ownership data, which is crucial for informed investment decisions.
- Regulatory authorities are positively impacted by the company's and director's adherence to SEC reporting requirements through the correction of prior errors.
Key Dates
| Date | Description |
|---|---|
| 05/10/2020 | Date stock options became exercisable. |
| 11/06/2023 | Date of the original common stock sale that was misattributed. |
| 11/08/2023 | Date of the original Form 4 filing containing the administrative error. |
| 08/27/2025 | Date of the stock option exercise and the effective date for the correction of the prior administrative error. |
| 08/29/2025 | Signature date of the reporting person for this Form 4. |
| 05/09/2026 | Expiration date of the stock options. |
Keywords
Leidos Holdings, LDOS, Noel B. Geer, Form 4, insider trading, stock options, share ownership, director, beneficial ownership, SEC filing, administrative error, stock exercise
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