Science Applications International Corp reports that a director and interim CEO acquired 19,649 shares of common stock on December 5, 2025 at a price of $0 per share. After this acquisition, the reporting person directly beneficially owned 25,460 shares of SAIC common stock, held in direct form according to the Section 16 ownership table.
Science Applications International Corporation (SAIC) announced a leadership change. As part of an internal reorganization, David C. Ray, Executive Vice President of the Space and Intelligence Business Group, has stepped down from his role immediately and will depart the company on January 30, 2026.
After his departure, Mr. Ray will receive severance pursuant to Section 5 of SAIC’s Executive Severance, Change in Control and Retirement Policy, contingent on a release of claims and a two-year post-employment non-compete. SAIC furnished a press release about this event under Item 7.01; it is not deemed filed under the Exchange Act.
Science Applications International Corp. (SAIC) filed a Form 4 showing an officer transaction. On 10/24/2025, the reporting person acquired 22.1697 shares of common stock at $100.64, noted as additional restricted stock units from the deemed reinvestment of dividend equivalents.
Following the transaction, beneficial ownership is reported as 6,412.3493 shares indirect via KESDP and 14,423 shares direct. The filer is an officer titled EVP, Army.
Science Applications International Corporation (SAIC) appointed James C. Reagan as Interim Chief Executive Officer effective October 23, 2025. Reagan, a veteran finance executive in defense and government services and SAIC director since January 2023, previously served as EVP and CFO of Leidos and held senior roles at Vencore, PAE, Aspect Communications, MCI, Nextel, and AMS. In connection with his new role, he stepped down from the Board’s Audit and Human Resources and Compensation Committees.
Toni Townes-Whitley stepped down as CEO and from the Board, effective the same date. The Board began a search for the next CEO, engaging an executive search firm. Townes-Whitley separated without cause and is eligible for specified benefits under company policy, subject to a two-year post-employment non-compete and release of claims. Reagan’s compensation includes a $1,200,000 annual base salary, a short-term cash bonus target equal to 150% of base salary, and $2,000,000 in restricted stock units. The Board size decreased from twelve to eleven members.
Science Applications International Corp. (SAIC) disclosed a Form 4 showing an officer transaction. On 10/10/2025, an officer (EVP, Civilian) purchased 100 shares of common stock at $97.35 per share, coded “P.”
Following the trade, the reporting person beneficially owns 13,535 shares, held in direct ownership. The filing was executed by attorney-in-fact Hilary L. Hageman.
Science Applications International Corporation furnished a current report to share information from a press release announcing that SAIC plans to acquire SilverEdge Government Solutions. The company states that the full text of the release, titled "SAIC to Acquire SilverEdge Government Solutions," is provided as Exhibit 99.1 and incorporated by reference.
The disclosure is made under Regulation FD, which is meant to provide fair access to important company information. SAIC also clarifies that the information in this section is being furnished rather than filed, and will not automatically become part of its other securities law reports unless specifically referenced in the future.
Science Applications International Corporation disclosed an amendment to its credit arrangements. The filing states the New Credit Facilities are secured by substantially all of the assets of the company and its wholly owned domestic subsidiaries and are guaranteed by those subsidiaries. The New Credit Facilities are subject to substantially the same covants and events of default as the existing loans, and the Eighth Amendment includes other conforming amendments. A copy of the Amendment is filed as Exhibit 10.1 and is incorporated by reference in the report.
Science Applications International Corporation closed a private offering of $500 million aggregate principal amount of 5.875% Senior Notes due 2033. The company received approximately $493.0 million in net proceeds after discounts and expenses and plans to repay all indebtedness outstanding under its revolving credit facility, with any remaining funds available for general corporate purposes, including working capital to fund growth and potential strategic projects and transactions.
The notes are senior unsecured obligations, fully and unconditionally guaranteed by certain existing and future domestic subsidiaries, and are issued under an indenture that includes customary restrictive covenants and events of default. The notes may be redeemed by the company on specified terms, and holders may have the right to require repurchase at a premium upon certain change of control events. The securities were sold in a private placement to qualified institutional buyers under Rule 144A and to non‑U.S. persons under Regulation S.
Science Applications International Corporation announced the pricing of a private offering of $500.0 million aggregate principal amount of Senior Notes due 2033 to eligible purchasers, subject to market and other conditions. The company plans to use the net proceeds to repay all indebtedness outstanding under its revolving credit facility and to pay related fees and expenses, with any remaining funds earmarked for general corporate purposes, including working capital to support growth and potential strategic projects and transactions.
The offering is expected to close on or about September 25, 2025, subject to customary closing conditions. The notes are being sold in a private placement and have not been registered under U.S. federal or state securities laws, meaning they may not be offered or sold in the United States without registration or a valid exemption.
Science Applications International Corporation has begun a private offering of $500.0 million aggregate principal amount of Senior Notes due 2033. At the same time, the company is seeking to amend its existing credit agreement to refinance its Term Loan A due June 2027 with up to $1.1 billion in new senior secured term loans maturing in 2030 and to replace its current revolving credit facility with a new $1.0 billion senior secured revolving credit facility maturing in 2030. The new term loans are expected to fund repayment of the existing Term Loan A, related fees and expenses, and any remaining cash would be added to the balance sheet. The note offering, the credit agreement amendment, and the new credit facilities are each subject to market and other conditions and are not contingent on one another, and there is no assurance any of these transactions will be completed.