[Form 4] Leidos Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Robert S. Shapard, a director of Leidos Holdings, Inc. (LDOS), reported transactions dated 09/30/2025 on a Form 4 filed 10/02/2025. The filing shows an acquisition entry labeled as dividend equivalent rights converting to 1,616.6848 shares held indirectly through a Key Executive Stock Deferral Plan at a reported price of $0. The report also lists a disposition of 57,078.08 shares and an indirect holding of 2,500 shares by a Family Limited Partnership. The form is signed by Ramune M. Kligys by power of attorney for Mr. Shapard.

Positive

• 1,616.6848 shares were credited to a Key Executive Stock Deferral Plan as dividend equivalent rights at a reported price of $0
• Some ownership is retained indirectly (e.g., 2,500 shares held by a Family Limited Partnership)

Negative

• A disposition of 57,078.08 shares was reported, indicating a significant sale by the director

Insights

Corporate Governance Analyst

Insider reported a sizeable sale plus a small plan-based acquisition on 09/30/2025.

The Form 4 discloses a disposition of 57,078.08 shares and a separate acquisition of 1,616.6848 shares via dividend-equivalent conversion into a Key Executive Stock Deferral Plan at a reported price of $0. These are recorded as indirect holdings for the reporting person.

This filing documents a material quantity of shares sold by a director and a contemporaneous non-cash credit to an executive deferral plan; both items are factual and may be of interest to investors tracking insider activity.

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).

1. Name and Address of Reporting Person^*

SHAPARD ROBERT S

(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)
09/30/2025

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	09/30/2025		A		3.4765(1)	A	$0	1,616.6848	I	by Key Executive Stock Deferral Plan
Common Stock								57,078.08	D
Common Stock								2,500	I	By Family Limited Partnership

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. Dividend equivalent rights.

Remarks:

	/s/ Ramune M. Kligys by PoA of Robert S. Shapard	10/02/2025
	** 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 Robert S. Shapard report on Form 4 for LDOS?

The filing reports a disposition of 57,078.08 shares, an acquisition of 1,616.6848 shares credited to a Key Executive Stock Deferral Plan at $0, and an indirect holding of 2,500 shares via a Family Limited Partnership.

When were the transactions dated on the LDOS Form 4?

The transactions are dated 09/30/2025 and the Form 4 is signed and dated 10/02/2025 by an authorized Power of Attorney.

How were the acquired shares reported to be acquired?

The 1,616.6848 shares were reported as acquired through dividend equivalent rights into a Key Executive Stock Deferral Plan at a reported price of $0.

Who signed the Form 4 on behalf of Robert S. Shapard?

The Form 4 is signed by Ramune M. Kligys by Power of Attorney for Robert S. Shapard on 10/02/2025.