KTOS insider David Carter disposed of 4,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
David M. Carter, President of the DRSS division and a director-level officer at Kratos Defense & Security Solutions, Inc. (KTOS), reported sales under a pre-established 10b5-1 trading plan adopted on 06/13/2025. On 10/07/2025 he sold a total of 4,000 common shares in multiple transactions at weighted average prices ranging roughly from $100.40 to $104.69, with reported weighted-average prices between $101.118 and $104.0305 across lots. Following these sales he beneficially owned 93,809 common shares, which include 12,200 ESPP purchases and 4,165 shares held in a retirement account. The Form 4 was signed on 10/09/2025.
Positive
- Sale executed under a 10b5-1 trading plan adopted on 06/13/2025, signaling pre-planned compliance
- Reporting discloses retained holdings of 93,809 shares, including 12,200 ESPP and 4,165 retirement shares, showing continued insider ownership
Negative
- Insider sold a total of 4,000 shares on 10/07/2025, reducing direct holdings
- Weighted-average sale prices clustered between $100.40 and $104.69, indicating sales executed in a narrow recent price band
Insights
TL;DR: Officer executed scheduled sales under a 10b5-1 plan, maintaining substantial holdings.
The reported sales were executed pursuant to a 10b5-1 trading plan adopted on 06/13/2025, which provides an affirmative defense to insider trading claims when properly structured. Selling 4,000 shares on 10/07/2025 in multiple tranches is consistent with a planned program rather than ad-hoc disposals.
Key governance signals include explicit footnotes disclosing price ranges and the composition of retained holdings (including 12,200 ESPP and 4,165 retirement shares). Investors may monitor future Form 4 filings to confirm whether further sales follow the plan schedule over the next few quarters.
TL;DR: Sales reduced direct holding to 93,809 shares; realized prices clustered near $101–$104.
The officer sold a combined 4,000 common shares at weighted-average prices reported between $101.118 and $104.0305, which translates to proceeds in the low $400k range (not explicitly totaled on the form). These transactions lowered direct beneficial ownership to 93,809 shares, a level that still represents a meaningful personal stake.
For impact on liquidity or signaling, watch for any materially larger or unscheduled trades and subsequent filings over the next 3–12 months. The disclosed use of ESPP and retirement holdings reduces immediate dilution risk tied to routine sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 600 | $101.118 | $61K |
| Sale | Common Stock | 600 | $101.8583 | $61K |
| Sale | Common Stock | 1,601 | $102.8687 | $165K |
| Sale | Common Stock | 1,168 | $104.0305 | $122K |
| Sale | Common Stock | 31 | $104.69 | $3K |
Footnotes (1)
- This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on June 13, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.40 to $101.38 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 $101.47 to $102.09 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 $102.52 to $103.45 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.61 to $104.50 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 12,200 shares purchased through Issuer's Employee Stock Purchase Plan and 4,165 shares held through reporting person's retirement account.
