Kratos Defense & Security Solutions (KTOS) grants 25,000 RSUs and common shares vest

Rhea-AI Filing Summary

Kratos Defense & Security Solutions executive Jonah Adelman, President of the ME Division, reported new equity awards and RSU vesting in company stock. On January 3, 2026, he received 25,000 restricted stock units (RSUs), each representing a right to one share of common stock, which vest in equal installments on each of the first five anniversaries of the grant date, unless vested or terminated earlier under the RSU agreement.

On January 3 and 4, 2026, several previously granted RSU awards vested, and a total of 15,000 RSUs were converted into common stock at a price of $0 per share through multiple transactions of 3,000 shares each. Following these transactions, Adelman directly held 24,348 shares of Kratos common stock, along with the newly granted RSUs and remaining unvested RSUs from earlier grants.

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).

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^*

Adelman Jonah

(Last) (First) (Middle)

10680 TREENA STREET

SUITE 600

(Street)

SAN DIEGO CA 92131

(City) (State) (Zip)

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, ME Division

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2026

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

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

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

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	01/03/2026		M		3,000(3)	A	$0	12,348	D
Common Stock	01/03/2026		M		3,000(4)	A	$0	15,348	D
Common Stock	01/03/2026		M		3,000(5)	A	$0	18,348	D
Common Stock	01/04/2026		M		3,000(6)	A	$0	21,348	D
Common Stock	01/04/2026		M		3,000(7)	A	$0	24,348	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
Restricted Stock Units	(1)	01/03/2026		A		25,000		(2)	(2)	Common Stock	25,000	$0	25,000	D
Restricted Stock Units	(1)	01/03/2026		M			3,000	(3)	(3)	Common Stock	3,000	$0	3,000	D
Restricted Stock Units	(1)	01/03/2026		M			3,000	(4)	(4)	Common Stock	3,000	$0	6,000	D
Restricted Stock Units	(1)	01/03/2026		M			3,000	(5)	(5)	Common Stock	3,000	$0	12,000	D
Restricted Stock Units	(1)	01/04/2026		M			3,000	(6)	(6)	Common Stock	3,000	$0	0	D
Restricted Stock Units	(1)	01/04/2026		M			3,000	(7)	(7)	Common Stock	3,000	$0	9,000	D

Explanation of Responses:

1. Each restricted stock unit (RSU) represents a contingent right to receive one share of Issuer's common stock.

2. RSUs vest ratably on each of the first five anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement.

3. RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 15,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2022 date of grant.

4. RSUs were granted and previously reported on a Form 4 filed January 5, 2023, where 15,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2023 date of grant.

5. RSUs were granted and previously reported on a Form 4 filed January 7, 2025, where 15,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2025 date of grant.

6. RSUs were granted and previously reported on a Form 4 filed January 5, 2021, where 15,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.

7. RSUs were granted and previously reported on a Form 4 filed January 5, 2024, where 15,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2024 date of grant.

	Jonah Adelman, by Eva Yee, Attorney-In-Fact	01/06/2026
	** 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.

FAQ

What insider activity did KTOS report for Jonah Adelman on this Form 4?

The filing reports that Jonah Adelman, President of the ME Division at Kratos Defense & Security Solutions (KTOS), received a new grant of restricted stock units and had multiple tranches of previously granted RSUs vest and convert into shares of common stock on January 3 and 4, 2026.

How many restricted stock units were granted to the KTOS executive?

On January 3, 2026, Adelman was granted 25,000 restricted stock units (RSUs), with each RSU representing a contingent right to receive one share of Kratos common stock, subject to the vesting terms described in the agreement.

What is the vesting schedule for the newly granted 25,000 KTOS RSUs?

The 25,000 RSUs granted on January 3, 2026 vest ratably on each of the first five anniversaries of the grant date, unless they vest earlier or are terminated in accordance with the terms of the RSU agreement.

How many RSUs vested and converted into KTOS common stock in these transactions?

Across transactions on January 3 and 4, 2026, a total of 15,000 RSUs from prior grants vested and were converted into Kratos common stock in multiple 3,000-share tranches at a price of $0 per share.

What was Jonah Adelman’s KTOS common stock holding after these Form 4 transactions?

After the reported transactions, Adelman directly held 24,348 shares of Kratos Defense & Security Solutions common stock, as shown in the non-derivative securities table following the final transaction.

Are the RSUs reported on this KTOS Form 4 part of earlier equity awards?

Yes. The footnotes explain that multiple RSU grants, each for 15,000 RSUs made in 2021, 2022, 2023, 2024, and 2025, were previously reported on earlier Forms 4 and vest ratably over five years from their respective grant dates.

Did the KTOS executive pay cash to acquire the shares from RSU vesting?

No cash payment per share is shown for the RSU vesting transactions. The tables list a $0 price for each conversion of RSUs into Kratos common stock, reflecting settlement of equity awards rather than open-market purchases.