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Kratos (NASDAQ: KTOS) director converts 10,000 RSUs into 10,000 common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. director Bobbi Doorenbos reported routine equity compensation activity. On May 12, 2026, she acquired 10,000 Restricted Stock Units (RSUs), each representing a right to one share of common stock. On May 14, 2026, she exercised these RSUs, converting them into 10,000 shares of common stock at a stated price of $0.00 per share. Following the transactions, she directly owns 15,000 shares of common stock. Footnotes explain that each RSU is a contingent right to one share and that the RSUs vest 100% on the first anniversary of the grant date, unless vested or terminated earlier under the RSU agreement.

Positive

  • None.

Negative

  • None.
Insider Doorenbos Bobbi
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 10,000 $0.00 --
Exercise Common Stock 10,000 $0.00 --
Grant/Award Restricted Stock Units 10,000 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 15,000 shares (Direct, null)
Footnotes (1)
  1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock. RSUs vest 100% on the first anniversary of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement. RSUs were granted and previously reported on a Form 4 filed May 16, 2025, where 10,000 RSUs vest on May 14, 2026.
RSU grant 10,000 RSUs Granted as derivative award on May 12, 2026
RSU exercise 10,000 shares RSUs converted into common stock on May 14, 2026
Exercise price $0.00 per share Stated transaction price for RSU conversion
Post-transaction holdings 15,000 shares Common stock directly owned after transactions
Derivative positions remaining 0 RSUs No remaining RSUs shown in derivative summary
Restricted Stock Unit financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
RSU agreement financial
"RSUs vest 100% on the first anniversary of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Doorenbos Bobbi
(Last)(First)(Middle)
10680 TREENA STREET
SUITE 600
(Street)
SAN DIEGO CALIFORNIA 92131
(City)(State)(Zip)
UNITED STATES
(Country)		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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/14/2026M10,000(3)A$015,000D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/12/2026A10,000 (2) (2)Common Stock10,000$010,000D
Restricted Stock Units(1)05/14/2026M10,000 (3) (3)Common Stock10,000$00D
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 100% on the first anniversary 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 May 16, 2025, where 10,000 RSUs vest on May 14, 2026.
Bobbi Doorenbos, by Eva Yee, Attorney-In-Fact05/14/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did KTOS director Bobbi Doorenbos report?

Bobbi Doorenbos reported routine equity compensation activity. She received 10,000 Restricted Stock Units and then exercised them into 10,000 shares of Kratos common stock, increasing her direct holdings to 15,000 shares after the transactions.

How many Kratos (KTOS) shares does Bobbi Doorenbos hold after this Form 4?

After the reported transactions, Bobbi Doorenbos directly holds 15,000 shares of Kratos common stock. This reflects the conversion of 10,000 Restricted Stock Units into common shares as part of her director equity compensation on May 14, 2026.

What are the details of the 10,000 RSUs reported for KTOS?

The filing shows a grant of 10,000 Restricted Stock Units, each representing a contingent right to receive one share of Kratos common stock. Footnotes state these RSUs vest 100% on the first anniversary of the grant date, subject to the RSU agreement.

Did Bobbi Doorenbos buy or sell KTOS shares on the market?

The transactions reflect an RSU grant and its conversion, not open-market buying or selling. The Form 4 classifies them as derivative exercises and awards at a stated price of $0.00 per share, typical for equity compensation awards.

How were the RSUs in the KTOS Form 4 structured?

Each Restricted Stock Unit represents a contingent right to receive one share of Kratos common stock. According to the footnotes, the RSUs vest 100% on the first anniversary of the grant date unless vested or terminated earlier under the RSU agreement.

What does the exercise code M mean in the KTOS Form 4?

Transaction code M indicates an exercise or conversion of a derivative security. In this case, it reflects the conversion of 10,000 Restricted Stock Units into 10,000 shares of Kratos common stock, increasing the director’s directly held share count.