Form 4: Leidos Sector President Exercises Options, Sells Shares

Leidos Holdings Sector President Roy E. Stevens exercised stock options and subsequently sold a portion of the acquired shares on August 25, 2025.

Summary

• Roy E. Stevens, Sector President of Leidos Holdings, Inc. (LDOS), reported transactions on August 25, 2025.
• Stevens exercised 7,536 stock options at an exercise price of $62.43 per share. These options were exercisable since March 8, 2020, and are set to expire on March 7, 2026.
• Following the option exercise, 4,820 shares of common stock were withheld by the issuer to cover the exercise price and associated fees, valued at $181.74 per share.
• An additional 2,716 shares of common stock were sold on the open market at a weighted average price of $181.6634 per share, with individual sales ranging from $181.4805 to $181.815.
• After these transactions, Stevens directly holds 49,934 shares of common stock and indirectly holds 1,784.3897 shares through a Key Executive Stock Deferral Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While there is insider selling, it follows an option exercise and includes shares withheld for tax, which are common and routine events for executive compensation. It does not necessarily signal a negative outlook on the company.

Positives

• The exercise of stock options indicates the reporting person capitalized on the difference between the exercise price ($62.43) and the market price at the time of sale (around $181.70), reflecting a substantial personal gain.

Negatives

• The sale of 2,716 shares on the open market by a Sector President, even if a relatively small amount, could be perceived as a minor negative signal by some investors.

Future Outlook

This filing, a Form 4, details past insider transactions and does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports a routine insider transaction involving the exercise of stock options and subsequent sale of shares, which is a common occurrence for executives receiving equity compensation. It does not provide information to assess broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The sale of shares by a Sector President is a routine insider transaction and is unlikely to have a significant impact on the broader shareholder base or company operations.

Key Dates

Keywords

Leidos, LDOS, insider trading, stock options, share sale, executive compensation, Form 4