Fendley Steven S. 4
4 · KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Kratos (KTOS) 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 open-market transactions on May 26, 2026, generating roughly $400,692 in proceeds. The reported lots were: 4,644 shares at $56.92 ($264,323), 2,336 shares at $57.88 ($135,197), and 20 shares at $58.62 ($1,172). These were sales (not purchases), and the filing indicates they were executed under a pre-established 10b5‑1 trading plan.
Key Details
- Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (appears timely).
- Lots/prices reported: 4,644 @ $56.92; 2,336 @ $57.88; 20 @ $58.62; total proceeds ≈ $400,692.
- Footnotes: Transaction effected under a 10b5‑1 plan adopted May 12, 2025 (F1). The first two reported prices are weighted averages from multiple executions (ranges $56.46–$57.38 and $57.46–$58.45) with the filer offering to provide per-price breakdowns on request (F2, F3).
- Shares owned after transaction: not specified in the filing; footnote notes ~2,418 shares held through Kratos' 401(k) plan (F4).
Context
Sales executed under a 10b5‑1 trading plan are pre-arranged trades and are generally considered routine rather than a direct signal of management's short-term sentiment. For retail investors, purchases often carry more informational weight than routine insider sales; this Form 4 documents routine disposal of shares rather than an acquisition or option exercise.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F4]2026-05-26$56.92/sh−4,644$264,323→ 346,446 total - Sale
Common Stock
[F1][F3][F4]2026-05-26$57.88/sh−2,336$135,197→ 344,110 total - Sale
Common Stock
[F1][F4]2026-05-26$58.62/sh−20$1,172→ 344,090 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 $56.46 to $57.38 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 $57.46 to $58.45 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 2,418 shares held through Issuer's 401(k) Plan.