Deanna Lund Disposes 5,000 KTOS Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Deanna H. Lund, EVP & CFO and a director of Kratos Defense & Security Solutions, Inc. (KTOS), reported sales effected under a 10b5-1 trading plan adopted May 20, 2025. On 10/01/2025 she sold a total of 5,000 shares of common stock in multiple transactions at weighted average prices ranging roughly from $89.35 to $93.38. Following these reported dispositions her beneficial ownership is reported as 308,069 shares. The filing discloses that the post‑transaction total includes 16,626 shares from the issuer's Employee Stock Purchase Plan and approximately 19,488 held through the issuer's 401(k) plan. The Form 4 was signed on 10/03/2025.

Positive

• Sales executed under a 10b5-1 plan, providing an affirmative defense and procedural transparency
• Filing includes detailed price ranges and offers to provide breakdowns, supporting disclosure completeness

Negative

• Insider disposed of 5,000 shares on 10/01/2025, reducing holdings to 308,069 shares

Insights

Securities Compliance Expert

Insider sales were executed via a pre-established 10b5-1 plan, indicating compliance with trading rules.

The reporting person states the transactions were effected pursuant to a 10b5-1 trading plan adopted on May 20, 2025, which is explicitly disclosed in the filing. Using a 10b5-1 plan can provide an affirmative defense to insider trading claims because trades are scheduled in advance.

The filing lists weighted average sale prices across multiple tranches and provides to-the-staff disclosure commitments for price breakdowns, which aligns with full-disclosure expectations under Section 16 reporting.

Corporate Insider Activity Analyst

Reported dispositions total 5,000 shares, leaving 308,069 shares owned after sales.

The Form 4 shows five sale line-items on 10/01/2025 totaling 5,000 shares with weighted average prices from $89.35 to $93.38, and the final reported beneficial ownership is 308,069 shares. The filing also itemizes plan-sourced holdings: 16,626 ESPP shares and ~19,488 401(k) shares.

This entry documents the magnitude and provenance of holdings and sales without additional operational or financial detail.

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^*

Lund Deanna H

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		S		300(1)	D	$89.3533(2)	312,769(6)	D
Common Stock	10/01/2025		S		500(1)	D	$90.652(3)	312,269(6)	D
Common Stock	10/01/2025		S		1,907(1)	D	$91.8432(4)	310,362(6)	D
Common Stock	10/01/2025		S		2,193(1)	D	$92.8046(5)	308,169(6)	D
Common Stock	10/01/2025		S		100(1)	D	$93.38	308,069(6)	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 20, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.09 to $89.54 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.09 to $91.03 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.31 to $92.28 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.31 to $93.27 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.

6. Includes 16,626 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 19,488 shares held through Issuer's 401(k) Plan.

	Deanna H. Lund, by Eva Yee, Attorney-In-Fact	10/03/2025
	** 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 did KTOS insider Deanna Lund report on Form 4?

The Form 4 reports that Deanna H. Lund sold a total of 5,000 shares of KTOS common stock on 10/01/2025 under a 10b5-1 trading plan.

How many KTOS shares does Deanna Lund own after the reported transactions?

After the reported sales, the filing shows beneficial ownership of 308,069 shares.

At what prices were the KTOS shares sold?

The filing lists weighted-average sale prices ranging from approximately $89.35 to $93.38 across multiple transactions on 10/01/2025.

Were the sales part of a planned trading program?

Yes. The filing states the transactions were effected pursuant to a 10b5-1 trading plan adopted on May 20, 2025.

Does the filing disclose holdings from employee plans?

Yes. It discloses that the reported holdings include 16,626 shares from the Employee Stock Purchase Plan and approximately 19,488 shares held through the issuer's 401(k) plan.