Kratos Defense (KTOS) US division president sells 7,000 shares in plan trades

Rhea-AI Filing Summary

Kratos Defense & Security Solutions executive sells shares under trading plan. Steven S. Fendley, President of the US Division, sold a total of 7,000 shares of common stock in open-market transactions on February 23, 2026. The sales were executed at weighted average prices of approximately $92.41 for 5,700 shares and $93.24 for 1,300 shares, with individual trades occurring within disclosed price ranges.

The transactions were carried out pursuant to a Rule 10b5-1 trading plan adopted on May 12, 2025. Following these sales, Fendley directly owned 334,648 shares of Kratos common stock, including approximately 2,302 shares held through the company’s 401(k) plan.

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).

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^*

Fendley Steven S.

(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)
	President, US Division

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		S		5,700(1)	D	$92.4148(2)	335,948(4)	D
Common Stock	02/23/2026		S		1,300(1)	D	$93.24(3)	334,648(4)	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 May 12, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.00 to $92.97 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 $93.05 to $93.34 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. Includes approximately 2,302 shares held through Issuer's 401(k) Plan.

	Steven S. Fendley, by Eva Yee, Attorney-In-Fact	02/25/2026
	** 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.

FAQ

What insider transactions did Kratos (KTOS) report for Steven S. Fendley?

Steven S. Fendley sold 7,000 shares of Kratos common stock in open-market transactions. The sales occurred on February 23, 2026, in two blocks of 5,700 and 1,300 shares at weighted average prices around $92.41 and $93.24, respectively.

Were the recent KTOS insider sales by Steven S. Fendley under a 10b5-1 plan?

Yes. The reported sales were executed under a Rule 10b5-1 trading plan adopted by Steven S. Fendley on May 12, 2025. Such plans pre-schedule trades, helping separate personal portfolio management decisions from non-public information about the company.

What prices did Steven S. Fendley receive for his KTOS share sales?

Fendley’s reported sale prices are weighted averages. For 5,700 shares, trades ranged from $92.00 to $92.97 with a weighted average of $92.4148. For 1,300 shares, trades ranged from $93.05 to $93.34 with a weighted average price of $93.2400.

How many KTOS shares does Steven S. Fendley hold after the reported sales?

After the reported transactions, Steven S. Fendley directly owned 334,648 shares of Kratos common stock. This total includes approximately 2,302 shares held through Kratos’ 401(k) Plan, as disclosed in the Form 4 footnotes.

What is Steven S. Fendley’s role at Kratos Defense & Security Solutions (KTOS)?

Steven S. Fendley serves as an officer of Kratos Defense & Security Solutions, holding the title of President, US Division. His Form 4 filing reflects transactions in Kratos common stock associated with his direct ownership position.

How many KTOS insider sale transactions were reported in this Form 4?

The Form 4 reports two non-derivative transactions in Kratos common stock. Both transactions are coded as open-market sales, totaling 7,000 shares sold, and are classified as direct ownership dispositions by Steven S. Fendley.