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Leonardo DRS (DRS) EVP sells 7,680 shares under 10b5-1 plan on Jan 5

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Leonardo DRS, Inc. executive Mark Dorfman, EVP, GC and Secretary, reported a planned stock sale. On 01/05/2026 he sold 7,680 shares of Leonardo DRS common stock at a price of $37 per share, leaving him with 27,680 shares beneficially owned after the transaction.

The filing notes that these sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2025, indicating the trades were scheduled in advance rather than made on an ad hoc basis.

Positive

  • None.

Negative

  • None.
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 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, GC and Secretary
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026
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 01/05/2026 S(1) 7,680 D $37 27,680 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:
/s/ Katherine Krebel, Attorney-in-Fact 01/07/2026
** 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 insider transaction did Leonardo DRS (DRS) report in this Form 4?

The Form 4 reports that Mark Dorfman, EVP, GC and Secretary of Leonardo DRS, Inc., sold 7,680 shares of the company’s common stock on 01/05/2026.

At what price were the Leonardo DRS (DRS) shares sold and how many shares remain?

The reported transaction shows a sale price of $37 per share. After the sale of 7,680 shares, 27,680 shares of Leonardo DRS common stock were beneficially owned by the reporting person.

Who is the insider involved in this Leonardo DRS (DRS) Form 4 filing?

The insider is Mark Dorfman, who serves as EVP, General Counsel and Secretary of Leonardo DRS, Inc., and he is identified as an officer but not a director or 10% owner.

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

Yes. The footnote explains that 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.

Is the Leonardo DRS (DRS) insider transaction reported as a direct or indirect holding?

The filing classifies the holdings as direct ownership (D) of Leonardo DRS common stock by the reporting person following the reported transaction.

What type of security was involved in the Leonardo DRS (DRS) Form 4 transaction?

The transaction involved common stock of Leonardo DRS, Inc.; there were no derivative securities reported in the transaction table.

Leonardo DRS, Inc.

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United States
ARLINGTON