Leonardo DRS (NYSE: DRS) EVP Dorfman sells 5,536 shares in planned trade

Rhea-AI Filing Summary

Leonardo DRS, Inc. executive Mark Dorfman, EVP, General Counsel and Secretary, reported an open-market sale of 5,536 shares of common stock at $45.75 per share. The transaction is a direct ownership sale and leaves him holding 36,742 shares after the trade.

The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted by Dorfman on March 6, 2026, indicating the timing was set in advance rather than decided spontaneously.

Insider Trade Summary 10b5-1

Net Seller: 5,536 shares ($253,272)

Net Sell 1 txn

Insider Dorfman Mark

Role EVP, GC and Secretary

Sold 5,536 shs ($253K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,536	$45.75	$253K

Holdings After Transaction: Common Stock — 36,742 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 5,536 shares Sale price: $45.75 per share Shares owned after: 36,742 shares +2 more

5 metrics

Shares sold 5,536 shares Open-market sale of common stock

Sale price $45.75 per share Price for the 5,536 shares sold

Shares owned after 36,742 shares Direct holdings following the sale

Form type Form 4 Insider transaction report

Trading plan adoption date March 6, 2026 Rule 10b5-1 plan adoption by reporting person

Key Terms

Rule 10b5-1 trading plan, open-market sale, Form 4, common stock

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: open-market sale of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

common stock financial

"security_title: Common Stock listed for the transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Dorfman Mark

(Last) (First) (Middle)

C/O LEONARDO DRS, INC.

2345 CRYSTAL DRIVE

(Street)

ARLINGTON VIRGINIA 22202

(City) (State) (Zip)

UNITED STATES

(Country)

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, GC and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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

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

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

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	06/04/2026		S		5,536	D	$45.75(1)	36,742	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 March 6, 2026.

Remarks:

	/s/ Oriana D. Pietrangelo, Attorney-in-Fact	06/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Leonardo DRS (DRS) report for Mark Dorfman?

Leonardo DRS reported that executive Mark Dorfman sold 5,536 shares. He executed an open-market sale of common stock at $45.75 per share, and after the transaction he directly holds 36,742 shares, according to the Form 4 filing.

At what price did Mark Dorfman sell Leonardo DRS (DRS) shares?

Mark Dorfman sold Leonardo DRS shares at $45.75 per share. The Form 4 shows an open-market sale of 5,536 common shares at that price, providing a clear view of the transaction terms for investors reviewing insider activity.

How many Leonardo DRS (DRS) shares does Mark Dorfman own after the sale?

After the reported sale, Mark Dorfman holds 36,742 shares. The Form 4 lists this as his direct ownership position following the 5,536-share open-market sale, giving investors context on his remaining stake in Leonardo DRS.

Was the Leonardo DRS (DRS) insider sale made under a Rule 10b5-1 plan?

Yes. The sales were executed under a Rule 10b5-1 trading plan. A footnote explains that Dorfman adopted this pre-arranged plan on March 6, 2026, indicating the sale’s timing was scheduled in advance rather than being an impromptu market decision.

What role does Mark Dorfman hold at Leonardo DRS (DRS)?

Mark Dorfman serves as Executive Vice President, General Counsel and Secretary. The Form 4 identifies him as an officer of Leonardo DRS, and the reported open-market sale reflects changes in his directly held common stock position.