Kratos (KTOS) CEO Eric DeMarco Sells 300,000 Shares

What Happened
Eric M. DeMarco, President, CEO and a director of Kratos Defense & Security Solutions (KTOS), disclosed open-market sales of 300,000 shares on August 14, 2026. The sales were executed in four blocks: 19,638 shares at a weighted-average $63.33 ($1,243,708), 266,316 shares at $64.33 ($17,132,668), 4,946 shares at $65.05 ($321,756), and 9,100 shares at $66.17 ($602,173). Total proceeds were about $19.30 million. These were sales (not purchases), and the filing notes they were effected pursuant to a 10b5-1 trading plan.

Key Details

• Transaction date: August 14, 2026 (filed same day). Transaction code: S (sale).
• Per-block weighted-average prices and totals:
  • 19,638 shares @ $63.33 (prices ranged $62.77–$63.76) — $1,243,708 (F2)
  • 266,316 shares @ $64.33 (prices ranged $63.77–$64.76) — $17,132,668 (F3)
  • 4,946 shares @ $65.05 (prices ranged $64.77–$65.68) — $321,756 (F4)
  • 9,100 shares @ $66.17 (prices ranged $65.89–$66.88) — $602,173 (F5)
• Shares owned after the transactions: the Form 4 reports 761,632 and 63,036 shares (combined 824,668). In addition, Mr. DeMarco has 745,000 vested RSUs that remain subject to a 5‑year deferral (scheduled for release by Jan 2029) and 750,000 unvested RSUs that vest on achievement of specified terms (F6).
• Other holdings noted: includes 43,925 shares via the ESPP and ~19,111 shares held through the 401(k) plan (F7).
• Notable footnotes: sales were made under a 10b5‑1 trading plan adopted March 6, 2026 and modified May 15, 2026 (F1). Weighted-average prices reported; the filer will provide details of per-transaction prices within each range upon request (F2–F5).
• Filing timeliness: Reported for the same date as the transactions (no late filing indicated).

Context
This was a planned open-market sale under a 10b5‑1 plan (commonly used to automate insider sales), which limits the information the trades convey about the insider’s current view of the company. Sales are routine for insiders converting equity to cash or following pre-set plans; they are not the same signal as an unplanned sale. All figures above are factual disclosures from the Form 4.