Cage Christopher R 4

What Happened

• Christopher R. Cage, Chief Financial Officer of Leidos Holdings (LDOS), exercised stock options on 2026-02-20 resulting in the issuance of 3,333 shares valued at $62.43 each (approx. $208,079). To cover taxes and related fees, 2,152 of those shares were withheld by the issuer (disposed) at a reported value of $176.27 per share (approx. $379,333). A related reporting line shows the derivative conversion of 3,333 shares at $0.00 (no cash proceeds).

Key Details

• Transaction date: 2026-02-20.
• Option exercise: 3,333 shares @ $62.43; total value shown ~$208,079 (code M).
• Tax/price withholding: 2,152 shares withheld @ $176.27; value shown ~$379,333 (code F). Footnote F1: shares were withheld by the issuer to cover the exercise price and associated fees.
• Additional derivative line: 3,333 shares @ $0.00 (reported as derivative conversion).
• Shares owned after transaction: Not specified in the filing.
• Filing date: 2026-02-24 — filed within the typical 2-business-day window for Form 4 reporting.

Context

• This was an option exercise (code M) with a net share settlement/cashless element: issuer-withheld shares were used to cover the exercise price and tax obligations (code F), which is a routine administrative step and not an open-market sale. Such withholding is common and does not necessarily indicate a change in insider conviction.