Fendley Steven S. 4
4 · KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Kratos (KTOS) President Steven S. Fendley Sells Shares
What Happened
Steven S. Fendley, President — U.S. Division of Kratos Defense & Security Solutions (KTOS), sold a total of 7,000 shares in two open-market transactions on January 26, 2026. The sales were: 2,968 shares at an average price of $107.28 for proceeds of $318,393, and 4,032 shares at an average price of $108.49 for proceeds of $437,431 — total proceeds about $755,824. These were sales (not purchases), and therefore are typically viewed as routine insider selling rather than a direct bullish signal.
Key Details
- Transaction date: January 26, 2026 (filed Jan 28, 2026 — timely filing).
- Trades: 2,968 shares @ weighted avg $107.28 (prices ranged $106.85–$107.69); 4,032 shares @ weighted avg $108.49 (prices ranged $108.22–$108.62).
- Total shares sold: 7,000; total proceeds: ~$755,824.
- Reporting code: S = Sale.
- Footnote: Transactions were effected under a 10b5-1 trading plan adopted May 12, 2025.
- Holdings after transaction: Not specified in the excerpt provided; filing notes ~2,285 shares held through the issuer’s 401(k) plan.
Context
A 10b5-1 plan means the sales were pre-arranged under a trading plan adopted earlier (May 12, 2025), which is commonly used by insiders to sell shares on a scheduled basis and helps establish that trades were not based on material nonpublic information. Sales are generally less informative than purchases about insider sentiment; this filing documents routine disposition under the plan.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F4]2026-01-26$107.28/sh−2,968$318,393→ 345,663 total - Sale
Common Stock
[F1][F3][F4]2026-01-26$108.49/sh−4,032$437,431→ 341,631 total
Footnotes (4)
- [F1]This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.85 to $107.69 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.22 to $108.62 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- [F4]Includes approximately 2,285 shares held through Issuer's 401(k) Plan.