Leonardo DRS, Inc. — Director's Dealing 2024

Dec 4, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Leonardo DRS, Inc. (DRS)
CIK: 0001833756
Period of Report: 2024-11-29

Reporting Person: Baylouny John (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-11-29	Common Stock	M	64286	—	Acquired	95562	Direct
2024-11-29	Common Stock	F	28993	$34.77	Disposed	66569	Direct
2024-11-29	Common Stock	M	42858	—	Acquired	109427	Direct
2024-11-29	Common Stock	F	19329	$34.77	Disposed	90098	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-11-29	Performance Restricted Stock Unit	$	M	64286	Disposed		Common Stock (64286)	Direct
2024-11-29	Restricted Stock Unit	$	M	42858	Disposed		Common Stock (42858)	Direct

Footnotes

F1: Each performance restricted stock unit ("PRSU") was granted under the Issuer's 2022 Omnibus Equity Compensation Plan (the "Plan") and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The PRSUs were granted to the Reporting Person in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, dated June 21, 2022, by and among Leonardo DRS, Inc., RADA Electronic Industries Limited and Blackstart Ltd (the "Merger"). The PRSUs vested on November 29, 2024, the second anniversary of the grant date.

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

F3: Each restricted stock unit ("RSU") was granted under the Plan, and represents a contingent right to receive one share of the common stock of the Issuer or the cash equivalent thereof. The RSUs were granted to the Reporting Person in connection with the closing of the Merger. The RSUs vested on November 29, 2024, the second anniversary of the grant date.