Boyd Bradley L 4

What Happened
Bradley L. Boyd, a director of Kratos Defense & Security Solutions (KTOS), received 10,000 restricted stock units (RSUs) that vested and were converted into 10,000 shares, and those shares were disposed the same day. The RSU award shows an acquisition cost of $0 (typical for RSU conversions); the Form 4 records the subsequent disposition with $0 reported in the excerpt provided.

Key Details

• Grant date reported: 2026-05-12 — 10,000 RSUs granted (derivative award, A code).
• Vest/Conversion date: 2026-05-14 — 10,000 RSUs converted to 10,000 common shares (M code, acquired at $0).
• Disposition date: 2026-05-14 — 10,000 shares disposed the same day (M code); the filing shows $0 for the value in this excerpt.
• Footnotes: F1 — each RSU equals the right to one share; F2 — RSUs vest 100% on the first anniversary of the grant; F3 — these RSUs were originally granted and reported in a Form 4 filed 2025-05-16 with a May 14, 2026 vest date.
• Shares owned after the transactions: not specified in the provided data.
• Filing/timeliness: Form 4 filed 2026-05-14 (appears timely with respect to the reported conversions on 5/14).

Context
RSUs convert to shares at no purchase price (hence $0 acquisition). When converted shares are disposed the same day, that often reflects sell-to-cover for taxes or an immediate sale, but the Form 4 excerpt here does not detail the reason or proceeds. This sequence is an award vesting and conversion followed by disposition — not an open-market purchase, so it should not be read as an insider buy signal.