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: DEMARCO ERIC M (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-04	Common Stock	M	30000	—	Acquired	370300	Indirect
2022-01-04	Common Stock	F	12171	$19.98	Disposed	358129	Indirect
2022-01-04	Common Stock	A	105825	—	Acquired	463954	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-03	Restricted Stock Units	$	A	150000	Acquired		Common Stock (150000)	Direct
2022-01-04	Restricted Stock Units	$	M	30000	Disposed		Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	54997	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 5, 2021 where 150,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.

F4: Shares acquired pursuant to the settlement of a Performance Restricted Stock Unit award granted on January 4, 2019.

F5: RSUs were granted to Reporting Person, and per Reporting Person's instructions, the common stock from such released RSUs were issued to Reporting Person's trust.

F6: 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.

F7: Includes 38,138 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 16,859 shares held through Issuer's 401(k) Plan.