Kratos (KTOS) VP Reports Multiple 09/15/2025 Share Sales Under 10b5-1

Rhea-AI Filing Summary

Maria Cervantes de Burgreen, Vice President and Corporate Controller of Kratos Defense & Security Solutions (KTOS), reported multiple open-market sales of the issuer's common stock on 09/15/2025 executed under a pre-existing 10b5-1 trading plan adopted June 16, 2025. The filings show four separate sale entries: 500 shares at a weighted-average price of $68.664, 4,088 shares at $69.4994, 1,576 shares at $70.8329, and 100 shares at $71.24. Beneficial ownership reported declined across these transactions from 59,373 to 53,609 shares. The disclosure notes 6,422 shares held via the company ESPP and approximately 6,689 shares held through the company 401(k) plan. The Form 4 was signed by Attorney-In-Fact Eva Yee on behalf of the reporting person on 09/17/2025.

Positive

• Sales executed under a pre-established 10b5-1 trading plan, indicating a structured and pre-scheduled disposition strategy
• Detailed price ranges and weighted-average prices provided in footnotes, with offer to supply per-trade details on request
• Disclosure of ESPP and 401(k) holdings adds transparency to the reporting person's total beneficial ownership

Negative

• Beneficial ownership decreased by 5,764 shares from 59,373 to 53,609 following the reported sales

Insights

Securities Analyst

TL;DR: Insider executed planned sales under a 10b5-1; ownership decreased modestly by 5,764 shares.

The transactions were routine, executed pursuant to a documented 10b5-1 plan adopted June 16, 2025, which reduces information asymmetry about timing intent. The sale schedule shows four tranches on a single date with weighted-average prices between $68.66 and $71.24, producing a stepwise decline in beneficial ownership from 59,373 to 53,609 shares. No derivative transactions or additional compensatory grants are reported. From an investor-impact perspective, these appear administrative rather than signaling new company-specific inside information.

Corporate Governance Expert

TL;DR: Disclosure follows standard governance practice; sales documented under 10b5-1 improve compliance transparency.

The Form 4 clearly states the 10b5-1 plan adoption date and provides weighted-average price ranges for multi-trade executions, with commitments to provide detailed trade-level information on request. The filer identified her role as VP & Corporate Controller and disclosed holdings in the ESPP and 401(k), enhancing clarity about direct ownership. There are no indications of amendments, option exercises, or indirect holdings beyond retirement/ESPP accounts in this filing.

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).

1. Name and Address of Reporting Person^*

Cervantes de Burgreen Maria

(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)
	VP & Corp. Controller

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		S		500(1)	D	$68.664(2)	59,373(5)	D
Common Stock	09/15/2025		S		4,088(1)	D	$69.4994(3)	55,285(5)	D
Common Stock	09/15/2025		S		1,576(1)	D	$70.8329(4)	53,709(5)	D
Common Stock	09/15/2025		S		100(1)	D	$71.24	53,609(5)	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 June 16, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.14 to $69.08 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 $69.18 to $70.14 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 $70.22 to $71.19 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. Includes 6,422 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 6,689 shares held through Issuer's 401(k) Plan.

	Maria Cervantes de Burgreen, by Eva Yee, Attorney-In-Fact	09/17/2025
	** 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 insider transactions did KTOS VP & Corporate Controller report on Form 4?

The reporting person sold 500, 4,088, 1,576, and 100 shares on 09/15/2025 at weighted-average prices of $68.664, $69.4994, $70.8329, and $71.24 respectively.

Were the KTOS insider sales part of a 10b5-1 plan?

Yes. The sales were effected pursuant to a 10b5-1 trading plan adopted on June 16, 2025 as disclosed in the Form 4.

How did these transactions change the insider's beneficial ownership of KTOS?

Beneficial ownership decreased from 59,373 shares to 53,609 shares following the reported transactions.

Does the Form 4 disclose indirect holdings for the KTOS reporting person?

Yes. It discloses 6,422 shares purchased through the company's Employee Stock Purchase Plan and approximately 6,689 shares held through the company's 401(k) plan.

Who signed the Form 4 for the KTOS reporting person and when?

The Form 4 was signed by Eva Yee, Attorney-In-Fact for Maria Cervantes de Burgreen on 09/17/2025.