KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2021

Apr 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2021-04-21

Reporting Person: Fendley Steven S. (President, US Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-21	Common Stock	M	5000	—	Acquired	330026	Direct
2021-04-21	Common Stock	F	1967	$28.12	Disposed	328059	Direct
2021-04-21	Common Stock	M	6250	—	Acquired	334309	Direct
2021-04-21	Common Stock	F	2459	$28.12	Disposed	331850	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-21	Restricted Stock Units	$	M	5000	Disposed		Common Stock (5000)	Direct
2021-04-21	Restricted Stock Units	$	M	6250	Disposed		Common Stock (6250)	Direct

Footnotes

F1: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock.

F2: RSUs were granted and previously reported on a Form 4 filed April 12, 2017. Of these RSUs, 5,000 shares were released for settlement on April 21, 2021.

F3: RSUs were granted and previously reported on a Form 4 filed April 12, 2017. Of these RSUs, 6,250 shares were released for settlement on April 21, 2021.

F4: Shares withheld in a net transaction to satisfy the minimum tax liability, in accordance with Issuer's trading policies, in connection with shares released as reported in this Form 4.