Leonardo DRS CFO sells 20,317 shares at $37

Leonardo DRS’s EVP and CFO reported a Rule 10b5-1 planned sale of 20,317 shares, leaving him with 35,143 shares directly held.

Rhea-AI Filing Summary

Leonardo DRS, Inc. (DRS) reported that its EVP and CFO, Michael Dippold, sold 20,317 shares of common stock on September 2, 2026, in an open‑market or private transaction at a weighted average price of $37.18 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 9, 2026. Following this transaction, he directly holds 35,143 shares of Leonardo DRS common stock.

Insider Trade Summary 10b5-1

Net Seller: 20,317 shares

Net Sell 1 txn

Insider Dippold Michael

Role EVP and CFO

Sold 20,317 shs ($755K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	20,317	$37.18	$755K

Holdings After Transaction: Common Stock — 35,143 shares (Direct)

Footnotes (2)

1. F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2026.
2. F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.880 - $37.630, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold: 20,317 shares Weighted average sale price: $37.18 per share Post-transaction holdings: 35,143 shares +2 more

5 metrics

Shares sold 20,317 shares Common stock sale by EVP and CFO on September 2, 2026

Weighted average sale price $37.18 per share Average price for the 20,317 shares sold on September 2, 2026

Post-transaction holdings 35,143 shares Directly held by EVP and CFO after the reported sale

Sale price range $36.88–$37.63 per share Range of prices across multiple sale executions on September 2, 2026

Net sell shares in filing 20,317 shares Net change from Form 4 transaction summary

Key Terms

Rule 10b5-1 trading plan, weighted average price, open market or private transaction

3 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.

weighted average price financial

"The price reported is a weighted average price. These shares were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"Sale in open market or private transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Leonardo DRS (DRS) report in this Form 4?

Leonardo DRS reported that EVP and CFO Michael Dippold sold 20,317 shares of common stock on September 2, 2026, in a sale classified as an open‑market or private transaction at a weighted average price of $37.18 per share.

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

After the reported sale, EVP and CFO Michael Dippold directly holds 35,143 shares of Leonardo DRS common stock, as stated in the Form 4 data.

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

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 9, 2026, indicating the trades were pre‑arranged under that plan.

What price range did the Leonardo DRS (DRS) insider receive for the sold shares?

The Form 4 reports a weighted average price of $37.18 per share. Footnotes state the 20,317 shares were sold in multiple transactions at prices ranging from $36.88 to $37.63, inclusive.

Who is the reporting person in this Leonardo DRS (DRS) Form 4?

The reporting person is Michael Dippold, who is identified as the company’s EVP and CFO. He reported one non‑derivative transaction involving common stock on September 2, 2026.

How many shares in total did the Leonardo DRS (DRS) insider sell in this filing?

The transaction summary in the Form 4 shows a single sale of 20,317 shares of Leonardo DRS common stock, all classified as a sell transaction, for net sell shares of 20,317.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/04/2026 - 08:17 AM EDT Accepted by SEC EDGAR 09/04/2026 - 08:16 AM EDT Learn about SEC filing dates

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^*

Dippold Michael

(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 and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026

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	09/02/2026		S(1)		20,317	D	$37.18(2)	35,143	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 9, 2026.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.880 - $37.630, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Oriana D. Pietrangelo, Attorney-in-Fact	09/04/2026
	** 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)