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: Fendley Steven S. (President, US Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-03	Common Stock	M	10000	—	Acquired	295883	Direct
2022-01-03	Common Stock	F	4308	$19.65	Disposed	291575	Direct
2022-01-04	Common Stock	M	10000	—	Acquired	301575	Direct
2022-01-04	Common Stock	F	3933	$19.98	Disposed	297642	Direct
2022-01-04	Common Stock	A	35275	—	Acquired	332917	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-03	Restricted Stock Units	$	A	50000	Acquired		Common Stock (50000)	Direct
2022-01-03	Restricted Stock Units	$	M	10000	Disposed		Common Stock (10000)	Direct
2022-01-04	Restricted Stock Units	$	M	10000	Disposed		Common Stock (10000)	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 6, 2020, where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2020 date of grant.

F4: RSUs were granted and previously reported on a Form 4 filed January 5, 2021 where 50,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.

F5: Shares acquired pursuant to the settlement of a Performance Restricted Stock Unit award granted on January 4, 2019.

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.