[Form 4] Karman Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlight: On 07/25/2025 Karman Holdings (KRMN) Chief Executive Officer and director Anthony Koblinski disposed of 250,000 common shares in a registered public offering at $49.00 per share (Transaction code “S”).

Post-sale, the insider still controls 2,615,826 shares, held indirectly by Tandem Trust (of which he is the primary beneficiary). No derivative securities were involved in this filing. The transaction trims the CEO’s stake by roughly 9 %, yet leaves a substantial ownership position that continues to align management incentives with shareholder interests.

Positive

• Insider retains 2,615,826 shares, preserving significant alignment with shareholders.

Negative

• CEO disposed of 250,000 shares (~9% of prior stake), which some investors may view as a bearish signal.

Insights

Financial Analyst

TL;DR: CEO sold 250k shares (~9% stake); still owns 2.6 M—signal is mildly negative but not alarming.

The sale occurs via a registered offering rather than open-market, often used for liquidity without disruptive trading. At $49, pricing suggests management sees fair market value. With 2.6 M shares retained, ownership concentration remains high, limiting governance concerns. The absence of additional option exercises or complex structures simplifies interpretation. Overall impact on valuation is modest: insider is monetising a fraction of holdings while maintaining meaningful skin-in-the-game.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Koblinski Anthony

(Last) (First) (Middle)

C/O KARMAN HOLDINGS INC.

5351 ARGOSY AVENUE

(Street)

HUNTINGTON BEACH CA 92649

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025

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	07/25/2025		S(1)		250,000	D	$49(1)	2,615,826	I	See Footnote(2)

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. These shares of the Issuer's Common Stock were sold by the Reporting Person pursuant to a registered public offering that closed on July 25, 2025, at a price of $49.00, before deducting underwriting discounts and commissions.

2. Shares are directly held by Tandem Trust u/t/a dated July 27, 2024, of which Tony Koblinski is the primary beneficiary.

	/s/ Mike Willis, Attorney-in-Fact	07/29/2025
	** 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

How many KRMN shares did the CEO sell on 07/25/2025?

Anthony Koblinski sold 250,000 common shares at $49.00 each.

What is the CEO’s remaining stake in Karman Holdings after the sale?

He beneficially owns 2,615,826 shares, held indirectly via Tandem Trust.

Was the sale part of an open-market transaction?

No. The shares were sold through a registered public offering, as noted in Footnote 1.

Were any derivative securities exercised or sold?

No derivative security activity was reported in this Form 4 filing.

Does the filing indicate Koblinski is still an officer and director?

Yes. The form confirms his roles as Director and Chief Executive Officer.