Kratos (KTOS) director’s LLC sells 30,500 shares in pre-set 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Kratos Defense & Security Solutions director William A. Hoglund reported indirect open-market sales of KTOS common stock through a limited liability company on April 1. The LLC sold a total of 30,500 shares at weighted average prices between $70.00 and $72.69 per share.

After these transactions, the LLC associated with Hoglund held 252,500 shares of Kratos common stock. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2025, indicating they were scheduled in advance rather than timed discretionarily.

Insights

Director’s LLC sold 30,500 Kratos shares under a pre-planned 10b5-1 program, retaining a sizable remaining stake.

The filing shows a Kratos Defense & Security Solutions director, William A. Hoglund, reporting indirect sales totaling 30,500 common shares on April 1, 2026. All three transactions were open-market sales by a limited liability company through which Hoglund and his spouse share voting and investment power.

The reported weighted average sale prices ranged from about $70.00 to $72.69 per share, with 13,103, 8,335 and 9,062 shares sold in separate trades. Following these sales, the LLC still held 252,500 shares, so the disposition represents only a portion of the overall indirect position.

A key detail is that the transactions were carried out pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025. Such plans are established in advance and automate trading, which generally makes the timing of these sales less informative about the director’s short-term view of Kratos stock. Overall, this looks like a planned liquidity event rather than a thesis-changing move.

Insider Trade Summary 10b5-1

Net Seller: 30,500 shares ($2,171,297)

Net Sell 3 txns

Insider HOGLUND WILLIAM A

Role Director

Sold 30,500 shs ($2.17M)

Type	Security	Shares	Price	Value
Sale	Common Stock	13,103	$70.1396	$919K
Sale	Common Stock	8,335	$71.6763	$597K
Sale	Common Stock	9,062	$72.2617	$655K

Holdings After Transaction: Common Stock — 269,897 shares (Indirect, by LLC)

Footnotes (1)

This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 10, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.95 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.06 to $72.05 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.06 to $72.69 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. Held by a limited liability company over which the Reporting Person and Reporting Person's spouse share voting and investment power; includes holdings previously reported as indirectly held via trust.

Key Figures

Shares sold (total): 30,500 shares First block sold: 13,103 shares at $70.1396/share Second block sold: 8,335 shares at $71.6763/share +3 more

6 metrics

Shares sold (total) 30,500 shares Open-market sales on April 1, 2026

First block sold 13,103 shares at $70.1396/share Weighted average price; range $70.00–$70.95

Second block sold 8,335 shares at $71.6763/share Weighted average price; range $71.06–$72.05

Third block sold 9,062 shares at $72.2617/share Weighted average price; range $72.06–$72.69

Shares held after transactions 252,500 shares Indirectly held by LLC after April 1, 2026 sales

Trading plan adoption date December 10, 2025 Rule 10b5-1 plan governing April 1, 2026 sales

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, indirect ownership, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 10, 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.

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.

indirect ownership financial

""direct_or_indirect": "I","nature_of_ownership": "by LLC""

limited liability company regulatory

"Held by a limited liability company over which the Reporting Person and Reporting Person's spouse share voting and investment power"

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 07:21 PM

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).

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^*

HOGLUND WILLIAM A

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		S		13,103⁽¹⁾	D	$70.1396⁽²⁾	269,897⁽⁵⁾	I	by LLC
Common Stock	04/01/2026		S		8,335⁽¹⁾	D	$71.6763⁽³⁾	261,562⁽⁵⁾	I	by LLC
Common Stock	04/01/2026		S		9,062⁽¹⁾	D	$72.2617⁽⁴⁾	252,500⁽⁵⁾	I	by LLC

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 10, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.95 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 $71.06 to $72.05 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 $72.06 to $72.69 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. Held by a limited liability company over which the Reporting Person and Reporting Person's spouse share voting and investment power; includes holdings previously reported as indirectly held via trust.

	William A. Hoglund, by Eva Yee, Attorney-In-Fact	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Kratos (KTOS) report for William A. Hoglund?

Kratos reported that director William A. Hoglund’s affiliated LLC sold 30,500 shares of KTOS common stock in open-market transactions on April 1, 2026. The sales were disclosed on a Form 4 and executed under a pre-arranged Rule 10b5-1 trading plan adopted in December 2025.

At what prices were the KTOS shares sold in this Form 4 filing?

The KTOS shares were sold at weighted average prices between about $70.00 and $72.69 per share. The filing notes price ranges of $70.00–$70.95, $71.06–$72.05, and $72.06–$72.69, with the director offering to provide detailed breakdowns on request.

How many Kratos (KTOS) shares does the LLC associated with Hoglund still hold?

After the reported sales, the limited liability company associated with director William A. Hoglund holds 252,500 shares of Kratos common stock. This remaining indirect stake reflects the position following three separate open-market sale transactions totaling 30,500 shares on April 1, 2026.

Were the KTOS insider sales by Hoglund discretionary or under a trading plan?

The KTOS insider sales were made under a pre-arranged Rule 10b5-1 trading plan. The filing specifies that the plan was adopted on December 10, 2025, meaning the April 1, 2026 transactions were scheduled in advance rather than timed at the director’s sole discretion.

Who technically executed the Kratos (KTOS) stock sales reported for Hoglund?

The sales were executed by a limited liability company through which William A. Hoglund and his spouse share voting and investment power. The Form 4 describes the holdings as indirectly owned "by LLC," consolidating prior indirect holdings that had been reported via a trust structure.