[Form 4] Costco Wholesale Corp Insider Trading Activity

Rhea-AI Filing Summary

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has received a Form 144 notice indicating that insider Phillip Carrai intends to sell up to 6,000 common shares on or about July 15, 2025 through Morgan Stanley Smith Barney. Based on the filing’s reference price, the transaction is valued at approximately $308,503.20.

The shares, originally issued as restricted stock on January 4, 2022, represent roughly 0.004 % of the company’s 153,443,342 shares outstanding—an amount too small to affect float or liquidity. The filing also details insider sales over the previous three months: 6,000 shares on June 16, 2025 for $252,967.20 and 6,000 shares on May 15, 2025 for $202,356.00, bringing Carrai’s disclosed sales to 18,000 shares this quarter.

• Broker: Morgan Stanley Smith Barney LLC, New York.
• Exchange: NASDAQ.
• Relationship to issuer: Not specified in the filing text.

Form 144 serves only as advance notice; the transaction has not yet occurred. Given the small size relative to total shares, the filing is unlikely to exert meaningful market pressure, but it offers insight into recent insider sentiment.

Positive

• None.

Negative

• Continued insider selling: Phillip Carrai has disclosed plans to sell another 6,000 shares after already divesting 12,000 shares in the past three months, which some investors may interpret as a mildly negative sentiment signal.

Insights

Financial Analyst

TL;DR: 6,000-share Form 144 filing is routine; immaterial to KTOS valuation.

The proposed sale equates to roughly 0.004 % of outstanding shares—an immaterial amount that should not influence supply-demand dynamics or earnings per share. Aggregate value of $309 k is negligible against KTOS’s multi-billion-dollar market cap. Insider transactions can hint at sentiment, yet Carrai’s modest position trimming after prior 6 k-share sales in May and June appears more like liquidity management than a signal of deteriorating fundamentals. Overall impact on investors is neutral.

Corporate Governance Expert

TL;DR: Routine compliance disclosure; continued but minor insider selling warrants monitoring.

Form 144 filings uphold transparency by alerting markets to planned insider disposals. Carrai’s cumulative 18,000-share sales this quarter stay well below Rule 144 volume limits (1 % of shares outstanding or average weekly volume). Absence of a 10b5-1 plan date suggests discretionary timing, yet the amounts filed remain far from levels typically viewed as a governance red flag. While repeated sales can shape perception, no material governance concern arises here.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

RAIKES JEFFREY S

(Last) (First) (Middle)

2157 N NORTHLAKE WAY, SUITE 220

(Street)

SEATTLE WA 98103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COSTCO WHOLESALE CORP /NEW [ COST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/14/2025		G(1)		6,573	D	$0	20,241.936	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Gift to a non-profit foundation.

	/s/ Alejandro Torres, Attorney-in-Fact	07/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Kratos (KTOS) Form 144 filed on July 15 2025 disclose?

It notifies the SEC that insider Phillip Carrai intends to sell up to 6,000 common shares valued at about $308,503.20.

How many KTOS shares has Phillip Carrai sold recently?

He sold 6,000 shares on May 15 2025 and 6,000 shares on June 16 2025, totaling 12,000 shares before the new 6,000-share notice.

What percentage of Kratos’s outstanding shares does the proposed sale represent?

Approximately 0.004 % of the 153,443,342 shares outstanding.

Which broker will handle the KTOS share sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services, New York.

Does the Form 144 filing mean the sale has already occurred?

No. Form 144 is a notice of proposed sale; the transaction may or may not occur as scheduled.