LDOS Form 4: Dahlberg Exercises 2 Option Grants and Disposes 952 Shares

Rhea-AI Filing Summary

Gregory R. Dahlberg, a director of Leidos Holdings, Inc. (LDOS), filed a Form 4 reporting transactions dated 08/11/2025. The filing discloses exercises of option grants for 1,769 shares at an exercise price of $104.06 and 1,179 shares at an exercise price of $142.66. The issuer withheld shares to cover the exercise price as noted in the form, and 952 shares were sold at a weighted average price of $177.4276. The form lists post-transaction beneficial ownership figures including 22,837, 24,016, 22,020 and 21,068. The Form 4 is signed via power of attorney and dated 08/13/2025.

Insights

Securities Analyst

TL;DR: Director exercised two option grants and sold a portion of shares; transactions reported appear routine and do not indicate material corporate change.

The filing records option exercises of 1,769 shares at $104.06 and 1,179 shares at $142.66 on 08/11/2025, with 952 shares sold at a weighted average of $177.4276. Shares were withheld to cover exercise costs per the explanation. These are standard equity compensation and liquidity actions by an insider; the Form 4 updates beneficial ownership levels but does not disclose any new arrangement or material corporate event that would change company fundamentals.

Corporate Governance Expert

TL;DR: Proper disclosure of option exercises, share withholding, and sale executed under power of attorney; disclosure appears complete on its face.

The report is signed '/s/ Ramune M. Kligys by PoA of Gregory R. Dahlberg' and documents exercises tied to option grants and subsequent withholding to cover exercise costs (note 1). The filing also discloses a multi-price sale range with a weighted average price reported (note 2). From a governance perspective, the Form 4 supplies the required transaction details and updated beneficial ownership figures; there is no indication in the filing of undisclosed arrangements or governance concerns.

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^*

Dahlberg Gregory R

(Last) (First) (Middle)

1750 PRESIDENTS STREET

(Street)

RESTON VA 20190

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Leidos Holdings, Inc. [ LDOS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		M		1,769	A	$104.06	22,837	D
Common Stock	08/11/2025		M		1,179	A	$142.66	24,016	D
Common Stock	08/11/2025		F(1)		1,996	D	$176.5	22,020	D
Common Stock	08/11/2025		S		952	D	$177.4276(2)	21,068	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
Stock Option (Right to Buy)	$104.06	08/11/2025		M			1,769	04/28/2023	05/05/2029	Common Stock	1,769	$0	0	D
Stock Option (Right to Buy)	$142.66	08/11/2025		M			1,179	05/02/2025	05/02/2031	Common Stock	1,179	$0	1,179	D

Explanation of Responses:

1. Represents shares of common stock withheld by the issuer in connection with the option exercise to cover the exercise price and associated fees.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices from $177.40 to $177.45 inclusive. The reporting person undertakes to providing to Leidos Holdings, Inc., any security holder of Leidos Holdings, Inc., or the staff of the Securities Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.

Remarks:

	/s/ Ramune M. Kligys by PoA of Gregory R. Dahlberg	08/13/2025
	** 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 Gregory R. Dahlberg report for LDOS?

The Form 4 reports option exercises on 08/11/2025 for 1,769 shares at $104.06 and 1,179 shares at $142.66, plus a sale of 952 shares.

At what price were shares sold in the Dahlberg Form 4?

The filing reports the sale of 952 shares at a weighted average price of $177.4276 (shares sold in multiple transactions from $177.40 to $177.45).

Why were some shares withheld according to the Form 4?

The filing states that shares of common stock were withheld by the issuer to cover the option exercise price and associated fees.

What post-transaction beneficial ownership figures are shown?

The Form 4 lists post-transaction beneficial ownership figures including 22,837, 24,016, 22,020 and 21,068 as reported in the filing.

Who signed the Form 4 and when was it dated?

The Form 4 is signed '/s/ Ramune M. Kligys by PoA of Gregory R. Dahlberg' and dated 08/13/2025.