LDOS insider: 3,345 shares acquired via option exercise; prior Form 4 amended

Rhea-AI Filing Summary

Noel B. Geer, a director of Leidos Holdings, Inc. (LDOS), exercised stock options and corrected a prior Form 4 attribution error. The filing reports an option exercise on 08/27/2025 that resulted in acquisition of 3,345 shares at an exercise price of $75.02 per share. After the transaction the report shows total beneficial ownership of 37,018.8435 shares, comprised of 37,018.8435 shares directly (adjusted) with 2,000 shares held indirectly by spouse and 32,000 shares held indirectly by a Family Trust. The filing also corrects a November 8, 2023 Form 4 to reclassify a prior sale of 2,106 shares from indirect Family Trust ownership to direct ownership by the reporting person.

Positive

• Director increased direct ownership by acquiring 3,345 shares through option exercise on 08/27/2025 at $75.02 per share
• Correction improves disclosure accuracy by reclassifying a November 6, 2023 sale of 2,106 shares from indirect Family Trust ownership to direct ownership

Negative

• None.

Insights

Financial Analyst

TL;DR: Director exercised options for 3,345 shares at $75.02 and corrected a past filing; impact appears immaterial to company fundamentals.

The reported exercise increases the director's direct share count by 3,345 shares and results in a stated post-transaction beneficial ownership of 37,018.8435 shares. The filing explicitly corrects an administrative attribution error from a 2023 Form 4 concerning 2,106 shares. These actions are routine director-level equity transactions and bookkeeping correction; no new financial metrics or operational changes are disclosed that would alter revenue, earnings, or debt positions.

Corporate Governance Expert

TL;DR: The Form 4 correction improves disclosure accuracy; the option exercise is a standard insider equity event without governance red flags.

The correction reallocates 2,106 shares from indirect Family Trust ownership to the reporting person's direct holdings, which strengthens the transparency of insider holdings history. The exercise of stock options with a $75.02 exercise price on 08/27/2025 is documented and signed under power of attorney. No departures, new related-party transactions, or control changes are reported.

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^*

Geer Noel B

(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)
08/27/2025

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	08/27/2025		M		3,345	A	$75.02	37,018.8435(1)	D
Common Stock								2,000	I	By Spouse
Common Stock								32,000(1)	I	by Family Trust

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)	$75.02	08/27/2025		M			3,345	05/10/2020	05/09/2026	Common Stock	3,345	$0	0	D

Explanation of Responses:

1. This filing corrects an administrative error in the Form 4 filed on behalf of the Reporting Person on November 8, 2023. In that report, a sale of 2,106 shares of common stock that took place on November 6, 2023, was timely reported but was inadvertently attributed to the Reporting Person's indirect ownership via a Family Trust. In fact, these shares were sold directly by the Reporting Person. Accordingly, the post-transaction balances in Column 5 have been adjusted by increasing the shares held indirectly by the Family Trust by 2,106 and decreasing the shares held directly by the same amount to reflect the correct holdings.

Remarks:

	/s/ Henrique B. Canarim by PoA of Noel B. Geer	08/29/2025
	** 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 Noel B. Geer report on the Form 4 for LDOS?

The filing reports an option exercise on 08/27/2025 acquiring 3,345 shares at an exercise price of $75.02 and corrects a prior attribution error involving 2,106 shares.

How many Leidos (LDOS) shares does the reporting person beneficially own after the transaction?

The Form 4 shows total beneficial ownership of 37,018.8435 shares, including 2,000 held indirectly by spouse and 32,000 held indirectly by a Family Trust.

Was the Form 4 a correction or an original filing?

This filing corrects an administrative error in a Form 4 filed on November 8, 2023 and reports the 08/27/2025 transaction.

What was the nature of the transaction coded in the Form 4?

The transactions include acquisition of common stock via option exercise (transaction code M) resulting in 3,345 shares acquired at $75.02.

Who signed the Form 4 filing for Noel B. Geer?

The filing was signed by Henrique B. Canarim by Power of Attorney for Noel B. Geer on 08/29/2025.