Karman director receives 2,363-share stock award

Karman Holdings Inc. director Matthew Alty reported an equity compensation grant in the form of common stock and restricted stock units.

Rhea-AI Filing Summary

Karman Holdings Inc. director Matthew Alty reported an equity compensation grant in the form of common stock and restricted stock units. The filing shows an acquisition of 2,363 shares of Common Stock at a stated price of $0.00 per share, reflecting stock-based compensation rather than a market purchase.

The grant includes 832 RSUs tied to the company’s 2025 non-employee director compensation policy, which fully vested on February 13, 2026, and 1,531 RSUs tied to the 2026 policy that will fully vest on January 1, 2027. Following these awards, Alty holds 2,363 shares directly, with no derivative securities reported in this filing.

Insider Trade Summary

Grant/Award: 2,363 shares

Grant/Award 1 txn

Insider Alty Matthew

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,363	$0.00	$0.00

Holdings After Transaction: Common Stock — 2,363 shares (Direct)

Footnotes (2)

1. F1. With respect to 832 shares, represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy for 2025. Each of these RSUs represents a contingent right to receive one share of the Common Stock upon settlement. Such shares fully vested on February 13, 2026.
2. F2. With respect to 1,531 shares, represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy for 2026. Each of these RSUs represents a contingent right to receive one share of the Common Stock upon settlement. Such shares will fully vest on January 1, 2027.

Key Figures

Shares acquired: 2,363 shares Transaction price: $0.00 per share Holdings after transaction: 2,363 shares +4 more

7 metrics

Shares acquired 2,363 shares Common Stock grant reported on Form 4

Transaction price $0.00 per share Equity compensation, not market purchase

Holdings after transaction 2,363 shares Total Common Stock directly owned after grant

2025 RSU award size 832 shares Non-Employee Director Compensation Policy for 2025

2025 RSU vesting date February 13, 2026 832 RSUs fully vested on this date

2026 RSU award size 1,531 shares Non-Employee Director Compensation Policy for 2026

2026 RSU vesting date January 1, 2027 1,531 RSUs scheduled to fully vest

Key Terms

Restricted Stock Unit (RSU), Non-Employee Director Compensation Policy, contingent right to receive one share, fully vested

4 terms

Restricted Stock Unit (RSU) financial

"represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

Non-Employee Director Compensation Policy financial

"under the Issuer's Non-Employee Director Compensation Policy for 2025"

contingent right to receive one share financial

"represents a contingent right to receive one share of the Common Stock upon settlement"

fully vested financial

"Such shares fully vested on February 13, 2026"

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

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Accepted by SEC EDGAR 05/26/2026 - 08:53 PM 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).

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^*

Alty Matthew

(Last) (First) (Middle)

C/O KARMAN HOLDINGS INC.

5351 ARGOSY AVENUE

(Street)

HUNTINGTON BEACH CALIFORNIA 92649

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Karman Holdings Inc. [ KRMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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	05/21/2026		A		2,363(1)(2)	A	$0	2,363	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. With respect to 832 shares, represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy for 2025. Each of these RSUs represents a contingent right to receive one share of the Common Stock upon settlement. Such shares fully vested on February 13, 2026.

2. With respect to 1,531 shares, represents the Reporting Person's annual grant of a Restricted Stock Unit (RSU) award under the Issuer's Non-Employee Director Compensation Policy for 2026. Each of these RSUs represents a contingent right to receive one share of the Common Stock upon settlement. Such shares will fully vest on January 1, 2027.

Remarks:

See attached Exhibit 24 - Power of Attorney.

	/s/ Mike Willis, Attorney-in-Fact	05/26/2026
	** 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)