Kratos executive sells 7,000 shares in planned trade

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. executive Steven S. Fendley, President of the US Division, sold 7,000 shares of common stock in an open-market transaction on April 27, 2026 at a weighted average price of $61.6359 per share.

Rhea-AI Filing Summary

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. executive Steven S. Fendley, President of the US Division, sold 7,000 shares of common stock in an open-market transaction on April 27, 2026 at a weighted average price of $61.6359 per share.

The shares were sold under a pre-arranged Rule 10b5-1 trading plan. The filing notes the sale occurred in multiple trades at prices between $61.29 and $62.00. Following this transaction, Fendley directly owns 351,039 shares, which includes approximately 2,367 shares held through the company’s 401(k) plan.

Insider Trade Summary 10b5-1

Net Seller: 7,000 shares

Net Sell 1 txn

Insider Fendley Steven S.

Role President, US Division

Sold 7,000 shs ($431K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,000	$61.6359	$431K

Holdings After Transaction: Common Stock — 351,039 shares (Direct)

Footnotes (3)

1. F1. This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.29 to $62.00 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.
3. F3. Includes approximately 2,367 shares held through Issuer's 401(k) Plan.

Key Figures

Shares sold: 7,000 shares Weighted average sale price: $61.6359 per share Post-transaction holdings: 351,039 shares +2 more

5 metrics

Shares sold 7,000 shares Open-market sale on April 27, 2026

Weighted average sale price $61.6359 per share Common stock sale on April 27, 2026

Post-transaction holdings 351,039 shares Shares directly owned after sale, including 401(k)

Price range of trades $61.29–$62.00 per share Multiple trades comprising the reported sale

401(k) plan holdings Approximately 2,367 shares Included in post-transaction total ownership

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, 401(k) Plan, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

401(k) Plan financial

"Includes approximately 2,367 shares held through Issuer's 401(k) Plan."

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did KTOS executive Steven Fendley report?

Steven S. Fendley reported selling 7,000 KTOS common shares in an open-market transaction. The weighted average sale price was $61.6359 per share, executed across multiple trades between $61.29 and $62.00, under a pre-arranged Rule 10b5-1 trading plan.

At what prices did Steven Fendley sell his KTOS shares?

The filing reports a weighted average sale price of $61.6359 per KTOS share. Individual trades occurred in multiple transactions at prices ranging from $61.29 to $62.00 inclusive, as disclosed in the detailed footnote accompanying the Form 4 insider transaction.

How many KTOS shares does Steven Fendley hold after this sale?

After selling 7,000 KTOS shares, Steven Fendley directly owns 351,039 shares. This total includes approximately 2,367 shares held through Kratos Defense & Security Solutions’ 401(k) plan, as specifically noted in the Form 4 footnotes for context on his remaining ownership.

Was Steven Fendley’s KTOS share sale made under a 10b5-1 trading plan?

Yes, the Form 4 states the sale was effected under a Rule 10b5-1 trading plan. The plan was adopted by Steven Fendley in advance, and such pre-arranged plans are designed to allow systematic trading regardless of subsequent material nonpublic information.

What role does Steven Fendley hold at Kratos Defense (KTOS)?

Steven S. Fendley is identified in the Form 4 as an officer of Kratos Defense & Security Solutions, serving as President, US Division. His position makes his transactions reportable under Section 16 insider reporting requirements for company officers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 05:57 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fendley Steven S.

(Last) (First) (Middle)

10680 TREENA STREET, SUITE 600

(Street)

SAN DIEGO CALIFORNIA 92131

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. [ KTOS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, US Division

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/27/2026		S		7,000(1)	D	$61.6359(2)	351,039(3)	D

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. This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on May 12, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.29 to $62.00 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.

3. Includes approximately 2,367 shares held through Issuer's 401(k) Plan.

	Steven S. Fendley, by Eva Yee, Attorney-In-Fact	04/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)