Leonardo DRS (NYSE: DRS) CFO sells 16,330 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Leonardo DRS, Inc. executive vice president and CFO Michael Dippold sold 16,330 shares of common stock in an open‑market transaction at $45.27 per share. The sale was carried out under a pre‑arranged Rule 10b5‑1 trading plan adopted on June 13, 2025. After this transaction, he directly held 26,622 shares of Leonardo DRS common stock.

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

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dippold Michael

(Last) (First) (Middle)

C/O LEONARDO DRS, INC.

2345 CRYSTAL DRIVE

(Street)

ARLINGTON VA 22202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Leonardo DRS, Inc. [ DRS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		S(1)		16,330	D	$45.27	26,622	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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2025.

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Oriana D. Pietrangelo, Attorney-In-Fact	03/17/2026
	** 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 did Leonardo DRS (DRS) CFO Michael Dippold report in this Form 4?

Michael Dippold reported an open‑market sale of 16,330 Leonardo DRS common shares. The shares were sold at $45.27 each, and following the transaction he directly held 26,622 shares of the company’s common stock.

How many Leonardo DRS (DRS) shares did the CFO sell and at what price?

He sold 16,330 shares of Leonardo DRS common stock at $45.27 per share. This was an open‑market transaction classified with code "S," indicating a sale in the market or a private transaction.

How many Leonardo DRS (DRS) shares does the CFO hold after this transaction?

After the reported sale, Michael Dippold directly holds 26,622 Leonardo DRS common shares. This figure reflects his position immediately following the 16,330‑share open‑market sale disclosed in the Form 4 filing.

Was the Leonardo DRS (DRS) CFO’s share sale under a Rule 10b5-1 plan?

Yes, the sale was executed under a Rule 10b5‑1 trading plan. The footnote states the transactions were effected pursuant to a plan adopted by the reporting person on June 13, 2025, indicating a pre‑arranged trading program.

What type of transaction did Leonardo DRS (DRS) report in this insider filing?

The filing reports a non‑derivative transaction in Leonardo DRS common stock. It is coded "S," meaning an open‑market or private sale, with 16,330 shares sold at a price of $45.27 per share by the company’s CFO.

Does this Leonardo DRS (DRS) Form 4 include any option exercises or derivatives?

No, the Form 4 shows only a common stock sale and no derivative transactions. The derivative summary is empty, and all reported activity relates to non‑derivative Leonardo DRS common stock held directly by the CFO.