KRATOS DEFENSE & SECURITY SOLUTIONS, INC. — Director's Dealing 2022

Apr 7, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2022-04-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-05	Common Stock	M	13334	—	Acquired	337157	Direct
2022-04-05	Common Stock	F	5246	$21.14	Disposed	331911	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-04	Restricted Stock Units	$	A	10000	Acquired		Common Stock (10000)	Direct
2022-04-05	Restricted Stock Units	$	M	13334	Disposed		Common Stock (13334)	Direct

Footnotes

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

F2: RSUs vest ratably on each of the first three anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement.

F3: RSUs were granted and previously reported on a Form 4 filed April 8, 2021, where 40,000 RSUs vest ratably on each of the first three anniversaries of the April 5, 2021 date of grant. Of these RSUs, 13,334 shares of the underlying common stock were released for settlement on April 5, 2022.

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