[144] Kratos Defense & Security Solutions, Inc. SEC Filing

Rhea-AI Filing Summary

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has received a Form 144 notice indicating that insider Phillip Carrai intends to sell up to 6,000 common shares on or about July 15, 2025 through Morgan Stanley Smith Barney. Based on the filing’s reference price, the transaction is valued at approximately $308,503.20.

The shares, originally issued as restricted stock on January 4, 2022, represent roughly 0.004 % of the company’s 153,443,342 shares outstanding—an amount too small to affect float or liquidity. The filing also details insider sales over the previous three months: 6,000 shares on June 16, 2025 for $252,967.20 and 6,000 shares on May 15, 2025 for $202,356.00, bringing Carrai’s disclosed sales to 18,000 shares this quarter.

• Broker: Morgan Stanley Smith Barney LLC, New York.
• Exchange: NASDAQ.
• Relationship to issuer: Not specified in the filing text.

Form 144 serves only as advance notice; the transaction has not yet occurred. Given the small size relative to total shares, the filing is unlikely to exert meaningful market pressure, but it offers insight into recent insider sentiment.

Positive

• None.

Negative

• Continued insider selling: Phillip Carrai has disclosed plans to sell another 6,000 shares after already divesting 12,000 shares in the past three months, which some investors may interpret as a mildly negative sentiment signal.

Insights

Financial Analyst

TL;DR: 6,000-share Form 144 filing is routine; immaterial to KTOS valuation.

The proposed sale equates to roughly 0.004 % of outstanding shares—an immaterial amount that should not influence supply-demand dynamics or earnings per share. Aggregate value of $309 k is negligible against KTOS’s multi-billion-dollar market cap. Insider transactions can hint at sentiment, yet Carrai’s modest position trimming after prior 6 k-share sales in May and June appears more like liquidity management than a signal of deteriorating fundamentals. Overall impact on investors is neutral.

Corporate Governance Expert

TL;DR: Routine compliance disclosure; continued but minor insider selling warrants monitoring.

Form 144 filings uphold transparency by alerting markets to planned insider disposals. Carrai’s cumulative 18,000-share sales this quarter stay well below Rule 144 volume limits (1 % of shares outstanding or average weekly volume). Absence of a 10b5-1 plan date suggests discretionary timing, yet the amounts filed remain far from levels typically viewed as a governance red flag. While repeated sales can shape perception, no material governance concern arises here.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	6000	308503.20	153443342	07/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/04/2022	Restricted Stock	ISSUER			6000	01/04/2022	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
PHILLIP CARRAI 1 Chisholm Trail, Suite 300 Round Rock TX 78681	Common	06/16/2025	6000	252967.20
PHILLIP CARRAI 1 Chisholm Trail, Suite 300 Round Rock TX 78681	Common	05/15/2025	6000	202356.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Kratos (KTOS) Form 144 filed on July 15 2025 disclose?

It notifies the SEC that insider Phillip Carrai intends to sell up to 6,000 common shares valued at about $308,503.20.

How many KTOS shares has Phillip Carrai sold recently?

He sold 6,000 shares on May 15 2025 and 6,000 shares on June 16 2025, totaling 12,000 shares before the new 6,000-share notice.

What percentage of Kratos’s outstanding shares does the proposed sale represent?

Approximately 0.004 % of the 153,443,342 shares outstanding.

Which broker will handle the KTOS share sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services, New York.

Does the Form 144 filing mean the sale has already occurred?

No. Form 144 is a notice of proposed sale; the transaction may or may not occur as scheduled.