KTOS CFO Deanna Lund details RSU grant and stock trades in Form 4 (KTOS)

Rhea-AI Filing Summary

Kratos Defense & Security Solutions EVP & CFO Deanna H. Lund reported multiple equity transactions in early January 2026. On January 3, 2026, she received 75,000 restricted stock units (RSUs), each representing a contingent right to one share of common stock, which vest in equal installments on each of the first five anniversaries of the grant date.

On January 2, 2026, she executed several open-market sales of common stock under a Rule 10b5-1 trading plan adopted on May 20, 2025, at weighted average prices including $75.325, $76.5175, $78.0527, $79.0405 and $79.61. On January 3–4, 2026, RSU conversions (code M) increased her common stock holdings and shares were withheld (code F) at $79.29 to satisfy tax obligations. After these transactions, she beneficially owned 280,041 shares of common stock, including shares held via an employee stock purchase plan and 401(k).

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

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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)
01/02/2026

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	01/02/2026		S		800(1)	D	$75.325(2)	247,435(15)	D
Common Stock	01/02/2026		S		400(1)	D	$76.5175(3)	247,035(15)	D
Common Stock	01/02/2026		S		1,796(1)	D	$78.0527(4)	245,239(15)	D
Common Stock	01/02/2026		S		1,804(1)	D	$79.0405(5)	243,435(15)	D
Common Stock	01/02/2026		S		200(1)	D	$79.61(6)	243,235(15)	D
Common Stock	01/03/2026		M		15,000(9)	A	$0	258,235(15)	D
Common Stock	01/03/2026		F		7,726(14)	D	$79.29	250,509(15)	D
Common Stock	01/03/2026		M		15,000(10)	A	$0	265,509(15)	D
Common Stock	01/03/2026		F		7,617(14)	D	$79.29	257,892(15)	D
Common Stock	01/03/2026		M		15,000(11)	A	$0	272,892(15)	D
Common Stock	01/03/2026		F		7,617(14)	D	$79.29	265,275(15)	D
Common Stock	01/04/2026		M		15,000(12)	A	$0	280,275(15)	D
Common Stock	01/04/2026		F		7,617(14)	D	$79.29	272,658(15)	D
Common Stock	01/04/2026		M		15,000(13)	A	$0	287,658(15)	D
Common Stock	01/04/2026		F		7,617(14)	D	$79.29	280,041(15)	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	(7)	01/03/2026		A		75,000		(8)	(8)	Common Stock	75,000	$0	75,000	D
Restricted Stock Units	(7)	01/03/2026		M			15,000	(9)	(9)	Common Stock	15,000	$0	15,000	D
Restricted Stock Units	(7)	01/03/2026		M			15,000	(10)	(10)	Common Stock	15,000	$0	30,000	D
Restricted Stock Units	(7)	01/03/2026		M			15,000	(11)	(11)	Common Stock	15,000	$0	60,000	D
Restricted Stock Units	(7)	01/04/2026		M			15,000	(12)	(12)	Common Stock	15,000	$0	0	D
Restricted Stock Units	(7)	01/04/2026		M			15,000	(13)	(13)	Common Stock	15,000	$0	45,000	D

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 $74.95 to $75.70 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 $76.26 to $76.90 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 $77.56 to $78.40 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 $78.57 to $79.51 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.60 to $79.62 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.

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

8. 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.

9. RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2022 date of grant.

10. RSUs were granted and previously reported on a Form 4 filed January 5, 2023, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2023 date of grant.

11. RSUs were granted and previously reported on a Form 4 filed January 7, 2025, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2025 date of grant.

12. RSUs were granted and previously reported on a Form 4 filed January 5, 2021, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.

13. RSUs were granted and previously reported on a Form 4 filed January 4, 2024, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2024 date of grant.

14. Shares withheld in a net transaction to satisfy the tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4.

15. Includes 16,626 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 19,654 shares held through Issuer's 401(k).

	Deanna H. Lund, by Eva Yee, Attorney-In-Fact	01/06/2026
	** Signature of Reporting Person	Date
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