Leonardo DRS, Inc. — Director's Dealing 2023

May 11, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Leonardo DRS, Inc. (DRS)
CIK: 0001833756
Period of Report: 2023-03-15

Reporting Person: Morrow Pamela (SVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-15	Common Stock	M	3377	—	Acquired	3377	Direct
2023-03-15	Common Stock	F	1260	$12.35	Disposed	2117	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-15	Restricted Stock Unit	$	M	3377	Disposed		Common Stock (3377.0)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. One-third of the RSUs vested on March 15, 2023 and the remainder will vest one-third annually on each of March 15, 2024 and March 15, 2025, subject to the Reporting Person's continued employment with the Issuer through each date.

F2: Shares withheld by the Company to satisfy tax withholding requirements.