LDOS Form 4: Roy E. Stevens exercises 7,536 options and sells 2,716 shares

Rhea-AI Filing Summary

Roy E. Stevens, a Sector President and reporting officer of Leidos Holdings, Inc. (LDOS), recorded option exercises and related share movements on 08/25/2025. He exercised stock options with a $62.43 exercise price, resulting in acquisition of 7,536 common shares. To cover the exercise price and fees, 4,820 shares were withheld by the issuer. Separately, 2,716 shares were sold at a weighted average price of $181.6634. After these transactions, the reporting person beneficially owned 49,934 shares directly and 1,784.3897 shares indirectly under a Key Executive Stock Deferral Plan. The Form 4 was signed by power of attorney on 08/27/2025.

Insights

Securities Analyst

TL;DR: Insider exercised options at $62.43, withheld shares to cover costs, and sold a portion at about $181.66, leaving ~49.9k direct shares.

The transactions reflect a typical option exercise followed by partial share withholding and a sale. Exercising options at a strike of $62.43 while selling at ~ $181.66 realizes substantial pre-tax gains per share. The withholding of 4,820 shares to cover exercise costs is standard administrative treatment and not an open-market disposition. The separate sale of 2,716 shares reduces direct ownership modestly relative to total holdings but crystalizes economic value. No derivative holdings remain after exercise. For investors, these are insider liquidity actions rather than corporate operational signals.

Corporate Governance Expert

TL;DR: Transactions are routine compensation-related actions; documentation includes PoA signature and weighted-average sale pricing disclosure.

Form 4 discloses clear mechanics: option exercise, share withholding for tax/fees, and a multi-price sale reported with a weighted average price and an offer to provide per-trade details on request. The filing appears complete in stating ownership levels pre- and post-transactions and identifies indirect holdings via a deferral plan. The use of a power of attorney to sign is documented. No departures from standard disclosure practice are apparent in the 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

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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^*

Stevens Roy E

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		M		7,536	A	$62.43	57,470	D
Common Stock	08/25/2025		F(1)		4,820	D	$181.74	52,650	D
Common Stock	08/25/2025		S		2,716	D	$181.6634(2)	49,934	D
Common Stock								1,784.3897	I	By Key Executive Stock Deferral Plan

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)	$62.43	08/25/2025		M			7,536	03/08/2020	03/07/2026	Common Stock	7,536	$0	0	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 $181.4805 to $181.815 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/ Henrique B. Canarim by PoA of Roy E. Stevens	08/27/2025
	** 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 did the Form 4 for LDOS report on 08/25/2025?

The Form 4 reports that Roy E. Stevens exercised 7,536 options at a $62.43 exercise price, had 4,820 shares withheld to cover exercise costs, and sold 2,716 shares at a weighted average price of $181.6634.

How many Leidos (LDOS) shares does Roy E. Stevens own after these transactions?

After the reported transactions, the filing shows 49,934 shares owned directly and 1,784.3897 shares owned indirectly under a Key Executive Stock Deferral Plan.

What does code M, F, and S mean on this Form 4 for LDOS?

In this filing: code M indicates exercise of stock options, code F denotes shares withheld by the issuer to cover exercise price and fees, and code S indicates shares sold.

At what price were the sold LDOS shares reported?

The sold shares were reported at a weighted average price of $181.6634, with individual sale prices in the range $181.4805 to $181.815.

Who signed the Form 4 for Roy E. Stevens?

The Form 4 was signed by Henrique B. Canarim by power of attorney on behalf of Roy E. Stevens on 08/27/2025.