Kratos (NASDAQ: KTOS) US division president sells 7,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,000 shares ($431,451)
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, null)
Footnotes (1)
- This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on May 12, 2025. 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. 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
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.
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.