Leonardo DRS (NYSE: DRS) CFO sells 8,318 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Leonardo DRS, Inc. Executive Vice President and CFO Michael Dippold sold 8,318 shares of Common Stock at $46.48 per share in an open-market transaction. After the sale, he directly owns 55,460 shares. The filing notes these sales were executed under a Rule 10b5-1 trading plan adopted on March 9, 2026.

Insider Trade Summary 10b5-1

Net Seller: 8,318 shares ($386,621)

Net Sell 1 txn

Insider Dippold Michael

Role EVP and CFO

Sold 8,318 shs ($387K)

Type	Security	Shares	Price	Value
Sale	Common Stock	8,318	$46.48	$387K

Holdings After Transaction: Common Stock — 55,460 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 8,318 shares Sale price: $46.48 per share Shares owned after sale: 55,460 shares +3 more

6 metrics

Shares sold 8,318 shares Open-market sale of Common Stock

Sale price $46.48 per share Price for the 8,318 shares sold

Shares owned after sale 55,460 shares Direct holdings after transaction

Net shares sold 8,318 shares Net change from reported transactions

Transaction date June 8, 2026 Date of the open-market sale

10b5-1 plan adoption date March 9, 2026 Date trading plan was adopted

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 adopted by the Reporting Person on March 9, 2026."

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, transaction_code_description: Sale in open market or private transaction"

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 adopted by the Reporting Person on March 9, 2026."

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 for the reported 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^*

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)
06/08/2026

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	06/08/2026		S		8,318	D	$46.48(1)	55,460	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.

Remarks:

	/s/ Oriana D. Pietrangelo, Attorney-in-Fact	06/09/2026
	** 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 did Leonardo DRS (DRS) CFO Michael Dippold report in this Form 4?

Leonardo DRS CFO Michael Dippold reported selling 8,318 shares of Common Stock at $46.48 per share. The transaction was an open-market sale, and he now directly holds 55,460 shares following this sale according to the Form 4 filing.

How many Leonardo DRS (DRS) shares did the CFO sell and at what price?

The CFO sold 8,318 shares of Leonardo DRS Common Stock at an average price of $46.48 per share. This was a single open-market sale transaction reported in the Form 4 insider trading disclosure filed with the SEC.

How many Leonardo DRS (DRS) shares does the CFO own after this transaction?

After the sale, the CFO directly owns 55,460 shares of Leonardo DRS Common Stock. This post-transaction holding reflects the remaining shares he retains following the reported 8,318-share open-market sale on the Form 4.

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

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 9, 2026. Such pre-arranged plans automate trades and can reduce the significance of transaction timing.

What type of transaction did the Leonardo DRS (DRS) Form 4 disclose?

The Form 4 disclosed an open-market sale of Common Stock coded as “S,” indicating a sale in open market or private transaction. It involved 8,318 shares at $46.48 per share by the company’s Executive Vice President and CFO.