Leonardo DRS (DRS) CEO sells shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Leonardo DRS, Inc. President and CEO John Baylouny reported an open-market sale of 36,471 shares of Common Stock on June 18, 2026 at a weighted average price of $45.67 per share.

The trade was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 19, 2026. Following the sale, Baylouny directly holds 122,435 shares of Leonardo DRS common stock.

Insights

Equity markets analyst

CEO’s 10b5-1 sale is notable in size but appears pre-planned.

Leonardo DRS President and CEO John Baylouny executed an open-market sale of 36,471 common shares at a weighted average of $45.67. The transaction is a straightforward sale of existing equity, with no derivatives exercised in this filing.

The sale occurred under a Rule 10b5-1 trading plan adopted on March 19, 2026, indicating it was scheduled in advance rather than timed opportunistically. After the sale, Baylouny still holds 122,435 shares, so he retains a substantial equity stake.

This pattern generally aligns with routine liquidity or diversification. The absence of accompanying option exercises or tax-withholding transactions suggests a simple disposition of shares, with the pre-planned nature reducing the informational weight of the timing for investors.

Insider Trade Summary 10b5-1

Net Seller: 36,471 shares ($1,665,631)

Net Sell 1 txn

Insider Baylouny John

Role President and CEO

Sold 36,471 shs ($1.67M)

Type	Security	Shares	Price	Value
Sale	Common Stock	36,471	$45.67	$1.67M

Holdings After Transaction: Common Stock — 122,435 shares (Direct, null)

Footnotes (1)

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 19, 2026. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 - $46.940, 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: 36,471 shares Weighted average sale price: $45.67 per share Price range: $45.00–$46.94 per share +3 more

6 metrics

Shares sold 36,471 shares Open-market sale on June 18, 2026

Weighted average sale price $45.67 per share Common Stock sale

Price range $45.00–$46.94 per share Range of individual sale prices

Shares owned after sale 122,435 shares Direct holdings following transaction

Rule 10b5-1 adoption date March 19, 2026 Date CEO’s trading plan was adopted

Transaction code S Sale in open market or private transaction

Key Terms

Rule 10b5-1 trading plan, weighted average price, Common Stock, open-market sale

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan adopted..."

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..."

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.

Common Stock financial

"security_title: Common Stock"

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.

open-market sale financial

"transaction_action: open-market sale"

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.

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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^*

Baylouny John

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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	06/18/2026		S(1)		36,471	D	$45.67(2)	122,435	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 19, 2026.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 - $46.940, 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	06/22/2026
	** 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

How many Leonardo DRS (DRS) shares did the CEO sell in this Form 4?

Leonardo DRS President and CEO John Baylouny sold 36,471 shares of Common Stock. The shares were sold in open-market transactions at a weighted average price of $45.67, with individual sale prices ranging from $45.00 to $46.94 per share.

At what price did Leonardo DRS CEO John Baylouny sell his DRS shares?

John Baylouny sold his Leonardo DRS shares at a weighted average price of $45.67 per share. The Form 4 notes multiple trades executed between $45.00 and $46.94, with the weighted figure reflecting the combined pricing of those individual transactions.

Was the Leonardo DRS CEO’s sale under a Rule 10b5-1 trading plan?

Yes. The Form 4 states the sales were executed under a Rule 10b5-1 trading plan adopted on March 19, 2026. Such plans pre-schedule trades, which typically makes the timing less indicative of the insider’s short-term view of the stock.

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

After the reported sale, John Baylouny directly holds 122,435 shares of Leonardo DRS Common Stock. This remaining ownership stake shows he continues to have meaningful equity exposure to the company following the 36,471-share open-market disposition.

What type of transaction is reported in this Leonardo DRS Form 4?

The filing reports an open-market sale of Leonardo DRS Common Stock by President and CEO John Baylouny. It is classified with transaction code “S,” meaning a sale in the open market or a private transaction, rather than an option exercise or tax-related withholding.

Did the Leonardo DRS CEO exercise any stock options in this Form 4 filing?

No. The Form 4 reflects only a non-derivative open-market sale of common shares. The derivative section is empty, and the transaction summary shows zero option exercises, indicating no options or other derivatives were exercised in this particular report.