[Form 4] Leonardo DRS, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Eric Salzman, a director of Leonardo DRS, Inc. (DRS), reported a sale of 4,403 shares of the company's common stock on 08/20/2025 at a price of $41.17 per share. After the sale, the filing shows he beneficially owned 11,820 shares. The Form 4 indicates the transaction was executed under a Rule 10b5-1 trading plan that the reporting person adopted on June 2, 2025. The filing was signed by an attorney-in-fact on 08/21/2025. The document records a single non-derivative sale by a director and provides no other financial results or transactions.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating the sale was pre-arranged and follows an established compliance mechanism
• Clear disclosure of shares sold, sale price, remaining beneficial ownership, and plan adoption date

Negative

• Director reduced holdings by 4,403 shares, which may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Director sold a modest stake under a pre-established 10b5-1 plan; likely routine and compliance-driven.

The sale of 4,403 shares at $41.17 reduces the director's reported holding to 11,820 shares. Because the Form 4 explicitly states the transaction was effected pursuant to a Rule 10b5-1 plan adopted on June 2, 2025, this appears to be a pre-arranged trade rather than an opportunistic sale. For investors, the size of the sale relative to total outstanding shares is not provided, limiting assessment of economic significance. No derivatives or additional transactions are reported.

Corporate Governance Expert

TL;DR: Disclosure aligns with standard governance practices; filing clearly notes 10b5-1 reliance.

The Form 4 shows clear compliance with Section 16 reporting requirements: the reporting person is identified as a director, the transaction date and price are stated, and the explanatory note documents the 10b5-1 plan adoption date. The signature by an attorney-in-fact is present and dated. There is no indication of other insider transactions or material corporate events in this filing.

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^*

SALZMAN ERIC

(Last) (First) (Middle)

C/O LEONARDO DRS, INC.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		S(1)		4,403	D	$41.17	11,820	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 2, 2025.

	/s/ Katherine A. Krebel, Attorney-in-Fact	08/21/2025
	** 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 insider transaction did Eric Salzman report for DRS on 08/20/2025?

The Form 4 reports a sale of 4,403 shares of Leonardo DRS common stock on 08/20/2025 at $41.17 per share.

How many shares does the reporting person own after the reported sale?

After the transaction the reporting person is shown as beneficially owning 11,820 shares.

Was the sale part of a pre-arranged trading plan for DRS insider Eric Salzman?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on June 2, 2025.

Who signed the Form 4 and when was it filed?

The Form 4 is signed by Katherine A. Krebel, Attorney-in-Fact and dated 08/21/2025.

Does the Form 4 report any derivative transactions or other equity changes?

No. The filing reports only a non-derivative sale of common stock and lists no derivative transactions.