Kratos (KTOS) Form 4: Carrai disposes 6,000 shares; retains 258K direct stake
Rhea-AI Filing Summary
Phillip D. Carrai, President of the STC Division and a director/officer of Kratos Defense & Security Solutions, reported two open-market sales of common stock on 09/15/2025 executed under a 10b5-1 trading plan adopted November 15, 2024. The reporting shows dispositions of 3,359 shares at a weighted average price of $68.4265 (individual trade prices ranged $68.10–$69.00) and 2,641 shares at a weighted average price of $69.32 (individual trade prices ranged $69.10–$69.45). After these transactions, Mr. Carrai directly beneficially owned 258,073 shares and indirectly held 46,644 shares through a trust; direct holdings include 11,385 ESPP shares and ~4,209 401(k) shares.
Positive
- Transactions executed under a 10b5-1 trading plan, indicating pre-planned sales and procedural compliance
- Disclosure of weighted-average prices and price ranges with an offer to provide per-trade details, supporting transparency
- Significant remaining ownership: 258,073 shares direct and 46,644 shares indirect, showing continued stake
Negative
- Insider sold 6,000 shares on 09/15/2025, reducing direct holdings from 260,714 to 258,073 shares
- Sales occurred at prices ranging $68.10–$69.45, representing insider liquidity that could be perceived negatively by some investors
Insights
TL;DR: Insider executed pre-planned sales totaling 6,000 shares under a 10b5-1 plan; remaining direct and indirect holdings remain substantial.
The reported transactions were sales, not option exercises or gifts, and were effected pursuant to a 10b5-1 plan dated November 15, 2024, which indicates the sales were pre-authorized rather than opportunistic trades. Aggregate disposed shares total 6,000, with reported weighted average prices of $68.4265 and $69.32. Post-transaction ownership shows continued meaningful alignment: 258,073 shares directly and 46,644 indirectly. For investors, the filing documents routine insider liquidity rather than a change in control or a material corporate event.
TL;DR: Sales were processed under a documented 10b5-1 plan, demonstrating compliance; disclosure provides weighted-price ranges for transparency.
The form discloses that the selling transactions were implemented via a 10b5-1 trading plan, and the filer offers to supply detailed per-trade quantities at each price within disclosed ranges. This level of disclosure supports governance best practices on insider trading transparency. Ownership detail also specifies ESPP and 401(k) holdings included in direct beneficial ownership totals, clarifying the composition of reported shareholdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,359 | $68.4265 | $230K |
| Sale | Common Stock | 2,641 | $69.32 | $183K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on November 15, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.10 to $69.00 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.10 to $69.45 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. Includes 11,385 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 4,209 shares held through Issuer's 401(k) Plan.
