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

Jan 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK: 0001069258
Period of Report: 2022-01-03

Reporting Person: Lund Deanna H (Director, EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-03	Common Stock	M	50000	—	Acquired	231381	Direct
2022-01-03	Common Stock	F	24790	$19.65	Disposed	206591	Direct
2022-01-03	Common Stock	M	15000	—	Acquired	221591	Direct
2022-01-03	Common Stock	F	8065	$19.65	Disposed	213526	Direct
2022-01-04	Common Stock	M	62500	—	Acquired	276026	Direct
2022-01-04	Common Stock	F	30987	$19.98	Disposed	245039	Direct
2022-01-04	Common Stock	M	15000	—	Acquired	260039	Direct
2022-01-04	Common Stock	F	7437	$19.98	Disposed	252602	Direct
2022-01-04	Common Stock	A	52913	—	Acquired	305515	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-03	Restricted Stock Units	$	A	75000	Acquired		Common Stock (75000)	Direct
2022-01-03	Restricted Stock Units	$	M	50000	Disposed		Common Stock (50000)	Direct
2022-01-03	Restricted Stock Units	$	M	15000	Disposed		Common Stock (15000)	Direct
2022-01-04	Restricted Stock Units	$	M	62500	Disposed		Common Stock (62500)	Direct
2022-01-04	Restricted Stock Units	$	M	15000	Disposed		Common Stock (15000)	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 five 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 January 4, 2012, where 50,000 RSUs vest on January 3, 2022.

F4: RSUs were granted and previously reported on a Form 4 filed January 3, 2020, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2020 date of grant.

F5: RSUs were granted and previously reported on a Form 4 filed January 5, 2017 where 62,500 RSUs vest on January 4, 2022.

F6: RSUs were granted and previously reported on a Form 4 filed January 5, 2021 where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.

F7: Shares acquired pursuant to the settlement of a Performance Restricted Stock Unit award granted on January 4, 2019.

F8: 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.

F9: Includes 16,626 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 17,512 shares held through Issuer's 401(k) Plan.