Kratos Defense (KTOS) exec sells 7,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kratos Defense & Security Solutions executive Steven S. Fendley reported an open-market sale of 7,000 shares of Common Stock. The shares were sold on June 29, 2026 at a weighted average price of $48.3652, in multiple trades between $47.94 and $48.60.
After this transaction, Fendley directly holds 302,126 shares of Kratos stock, including approximately 2,454 shares held through the company’s 401(k) plan. The sale was executed under a pre-arranged Rule 10b5‑1 trading plan adopted on May 12, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,000 shares ($338,556)
Net Sell
1 txn
Insider
Fendley Steven S.
Role
President, US Division
Sold
7,000 shs ($339K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,000 | $48.3652 | $339K |
Holdings After Transaction:
Common Stock — 302,126 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 $47.94 to $48.60 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 2,454 shares held through Issuer's 401(k) Plan.
Key Figures
Shares sold: 7,000 shares
Average sale price: $48.3652 per share
Post-transaction holdings: 302,126 shares
+3 more
6 metrics
Shares sold
7,000 shares
Open-market sale on June 29, 2026
Average sale price
$48.3652 per share
Weighted average across multiple trades
Post-transaction holdings
302,126 shares
Shares directly owned after the sale
401(k) holdings
2,454 shares
Approximate shares held via issuer’s 401(k) plan
Trade price range
$47.94–$48.60
Individual sale prices within the transaction
Trading plan adoption date
May 12, 2025
Date Fendley adopted Rule 10b5-1 plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, 401(k) Plan, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on May 12, 2025."
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.
401(k) Plan financial
"Includes approximately 2,454 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.
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.
FAQ
What insider transaction did KTOS executive Steven S. Fendley report?
Steven S. Fendley, President of the US Division at KTOS, reported an open-market sale of 7,000 shares of Kratos common stock. The transaction occurred on June 29, 2026 under a pre-arranged Rule 10b5-1 trading plan.
Was the KTOS insider sale by Steven S. Fendley made under a 10b5-1 plan?
Yes. The Form 4 states the 7,000-share sale was effected under a Rule 10b5-1 trading plan. That plan was adopted by Steven S. Fendley on May 12, 2025, indicating the trades were pre-arranged rather than newly timed.