Kratos (KTOS) President Phillip Carrai Sells Shares
$KTOS · KRATOS DEFENSE & SECURITY SOLUTIONS, INC.Research Summary
AI-generated summary of this SEC filing
Kratos (KTOS) President Phillip Carrai Sells Shares
What Happened
Phillip D. Carrai, President of Kratos' STC Division, sold a total of 26,500 shares of KRATOS common stock in open-market transactions on August 17, 2026, generating approximately $1,676,077 in proceeds. The individual reported trades were: 20,000 shares at a weighted average price of $63.14 (≈ $1,262,814); 5,200 shares at $63.41 (≈ $329,750); 1,200 shares at $64.18 (≈ $77,016); and 100 shares at $64.97 (≈ $6,497). These were sales (not purchases), which are often routine dispositions rather than an explicit signal of company outlook.
Key Details
- Transaction date: August 17, 2026; Form filed August 19, 2026 (two days after the trades).
- Reported proceeds: ≈ $1.68 million total.
- Reported prices: weighted averages; footnotes state the sales were executed in multiple transactions at prices ranging roughly between ~$62.95 and ~$64.67.
- 10b5-1 plan: At least some of the activity was effected under a 10b5-1 trading plan adopted Aug 26, 2025 (footnote). The filing also notes the sales were conducted in accordance with the issuer’s trading policies.
- Post-transaction holdings: Not specified in the details provided here. The filing notes holdings include 1,232 shares from the Employee Stock Purchase Plan and ~4,537 shares held through the company 401(k) plan.
Context
Sales executed under a 10b5-1 plan and per company trading policies are pre-arranged and often reflect scheduled, routine selling rather than discretionary trades based on recent company developments. For retail investors, purchases by insiders can be a stronger signal than sales; this filing documents routine insider disposals totaling about $1.7M.