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

Rhea-AI Filing Summary

Kratos Defense & Security Solutions, Inc. (KTOS) filed a Form 144 reporting a proposed sale of 5,758 common shares with an aggregate market value of $379,106.72. The shares are to be sold through Morgan Stanley Smith Barney LLC on the NASDAQ with an approximate sale date of 09/02/2025. The shares were acquired on 02/28/2025 as Performance Stock Units granted by the issuer, and payment was completed on the acquisition date. The filer reports no securities sold in the past three months.

Positive

• Full disclosure of sale details including broker, share count, aggregate value, exchange, and sale date
• Acquisition source stated as Performance Stock Units with acquisition and payment dated 02/28/2025
• No reported sales in the prior three months, reducing concerns about ongoing insider selling

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider sale notice: modest number of shares from PSU grant, not a large dilution or immediate liquidity event for KTOS.

The Form 144 documents a planned sale of 5,758 shares valued at $379,106.72 via Morgan Stanley Smith Barney on NASDAQ. Acquisition occurred as Performance Stock Units on 02/28/2025 with payment recorded the same day, indicating these are vested compensation shares being monetized. No prior three-month sales were reported, which reduces concerns about sustained insider selling pressure. The size relative to shares outstanding (168,794,500) is immaterial and unlikely to affect market capitalization materially.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements and includes necessary broker and acquisition details; represents standard compliance behavior.

The filing provides required representations about absence of undisclosed material information and notes the use of Morgan Stanley Smith Barney as broker. The inclusion of acquisition type (Performance Stock Units) and acquisition/payment dates supports transparency for shareholders and regulators. No unusual terms, clustered sales, or aggregated dispositions were reported, suggesting standard post-vesting disposition rather than governance red flags.

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	5758	379106.72	168794500	09/02/2025	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	02/28/2025	Performance Stock Units	Issuer			5758	02/28/2025	N/A

* 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

Nothing to Report

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 KTOS reported on Form 144 mean?

The filing notifies the SEC of a proposed sale of 5,758 KTOS common shares valued at $379,106.72, to be sold through Morgan Stanley Smith Barney on NASDAQ around 09/02/2025.

Who is handling the sale of KTOS shares?

The broker listed is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor, New York, NY.

How were the KTOS shares acquired?

The shares were acquired on 02/28/2025 as Performance Stock Units granted by the issuer, with payment recorded on the acquisition date.

Does the Form 144 show recent insider selling activity for KTOS?

No. The filing states Nothing to Report for securities sold during the past three months by the reporting person.

How material is this sale relative to KTOS outstanding shares?

The reported 5,758 shares are small relative to the reported 168,794,500 shares outstanding, indicating the transaction is immaterial to total share count.