Fendley Steven S. 4

What Happened
Steven S. Fendley, President — U.S. Division of Kratos Defense & Security Solutions (KTOS), reported four open-market sales on March 30, 2026, disposing of a total of 7,000 shares for aggregate proceeds of approximately $487,121. The sales were executed in blocks: 1,512 shares at a weighted avg. $68.28 ($103,240); 3,644 shares at $69.39 ($252,869); 944 shares at $70.48 ($66,532); and 900 shares at $71.64 ($64,480). These transactions are sales (code S) and not purchases.

Key Details

• Transaction date: March 30, 2026; Form filed April 1, 2026 (appears timely — within the 2-business-day Form 4 window).
• Prices: reported as weighted averages with ranges noted in the filing:
  • 1,512 shares — weighted avg $68.28 (sales ranged $68.00–$68.89) [F2]
  • 3,644 shares — weighted avg $69.39 (sales ranged $69.01–$69.96) [F3]
  • 944 shares — weighted avg $70.48 (sales ranged $70.005–$70.90) [F4]
  • 900 shares — weighted avg $71.64 (sales ranged $71.34–$71.85) [F5]
• Total shares sold: 7,000; total proceeds: ~$487,121.
• Reported plan: transactions were effected under a 10b5-1 trading plan adopted May 12, 2025 [F1].
• Holdings note: filing includes a footnote that approximately 2,351 shares are held through the issuer’s 401(k) plan [F6].
• Shares owned after transaction: not stated in the excerpt provided (check full Form 4 for “Amount Owned Following Reported Transaction” if you need the post-sale holding total).
• Filing status: filed timely on Apr 1, 2026 (no late filing flag shown).

Context

• Sales under a 10b5-1 plan are pre-arranged trading programs that authorize scheduled trades; they can indicate pre-planned disposals rather than discretionary trades.
• For retail investors, routine insider sales do not necessarily imply negative company-specific information; purchases generally carry more signal value.
• If you need the exact remaining insider holdings or the number of shares sold at each individual price within the reported ranges, the filer has committed to provide that breakdown on request to the issuer, any security holder, or the SEC staff.