Kratos (KTOS) President Steven Fendley Sells 7,000 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 July 27, 2026, generating roughly $329,910 in proceeds. The sales were reported as two transactions: 5,900 shares at a weighted average price of $46.99 (proceeds $277,262) and 1,100 shares at a weighted average price of $47.86 (proceeds $52,648). These were sales (S), not purchases.

Key Details

• Transaction dates: July 27, 2026 (filed July 29, 2026). Filing appears timely (within the 2-business-day Form 4 window).
• Prices/ranges:
  • 5,900 shares — weighted avg $46.99; actual trades ranged $46.80–$47.65.
  • 1,100 shares — weighted avg $47.86; actual trades ranged $47.85–$47.98.
• Total shares sold: 7,000; total proceeds ≈ $329,910.
• Shares owned after transaction: not specified in the excerpt provided; filing notes approximately 2,448 shares are held through Kratos’ 401(k). (Footnote F4)
• Notable footnotes:
  • F1: Sales were effected pursuant to a 10b5-1 trading plan adopted May 12, 2025 (pre-arranged trading plan).
  • F2/F3: Reported prices are weighted averages; details of amounts at each price within the specified ranges are available on request.
• Transaction type: S = Sale.

Context
Sales executed under a 10b5-1 plan are pre-planned and common for executives to manage diversification or liquidity needs; they are not, by themselves, a clear signal of company outlook. For retail investors, purchases generally carry more informational weight than planned sales. The filing provides ranges and weighted averages; the reporter has committed to supply a per-price breakdown on request.