Form 4: Leidos Director Sells $356K in Stock

Leidos Holdings, Inc. Director Gary Stephen May sold 2,000 shares of common stock for approximately $356,104 on August 11, 2025.

Summary

• Director Gary Stephen May of Leidos Holdings, Inc. reported a sale of common stock.
• The transaction involved 2,000 shares sold on August 11, 2025.
• The shares were sold at a weighted average price of $178.0522 per share.
• The total value of the shares sold is approximately $356,104.40.
• Following the sale, Mr. May beneficially owns 10,137 shares of Leidos common stock.
• The shares were sold in multiple transactions ranging from $177.87 to $178.16.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: The sale by a director, while reducing insider ownership, was conducted under a Rule 10b5-1 plan, which suggests a pre-planned liquidity event rather than a reaction to negative company-specific news. This mitigates potential negative sentiment, making the event largely neutral.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, which indicates a pre-scheduled sale and generally mitigates concerns that the insider is selling based on new, negative material non-public information.

Negatives

• Director Gary Stephen May reduced his direct ownership in Leidos Holdings, Inc. by 2,000 shares, decreasing insider alignment with shareholder interests.

Risks

• While executed under a Rule 10b5-1 plan, any insider sale, particularly by a director, can be interpreted by some investors as a signal of reduced confidence or a desire to diversify, potentially leading to negative sentiment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Director's sale reduces insider ownership, but the Rule 10b5-1 plan suggests it's a pre-planned event for personal financial management, not a signal of negative company performance.

Key Dates

Recommendation

The reported transaction is a routine insider sale by a director, executed under a Rule 10b5-1 plan. Such pre-arranged sales are typically for personal financial planning and do not inherently signal a change in the company's fundamental outlook or performance. Therefore, this specific filing does not provide new information that would warrant a change in investment recommendation for Leidos Holdings, Inc.

Keywords

Leidos, LDOS, insider trading, Form 4, stock sale, director, beneficial ownership, Gary Stephen May, Rule 10b5-1