Form 4 for DRS Leonardo DRS, Inc.
Accepted 2023-11-21 00:00:00 ET · period of report 2023-11-21 · accession 0001628280-23-039800 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2023-11-21 | 2023-11-21 | DRS | Leonardo S.p.a | 10% | S - Sale | $17.06 | -20.70M | 189.75M | -10% | -$353.14M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.01 per share | 2023-11-21 | S | D | 20,700,000 | $17.06 | 189,745,073 | I See Footnote 1 | — | — | (F1) Leonardo S.p.a., as the parent of Leonardo US Holding, LLC (the "Selling Stockholder"), beneficially owns the shares of Leonardo DRS, Inc.'s common stock (the "Common Stock") reported hereby, which are owned of record by the Selling Stockholder. (F2) On November 21, 2023, the Selling Stockholder sold 20,700,000 shares of Common Stock of Leonardo DRS, Inc. in an underwritten public offering at a per share price of $17.062188 pursuant to the Underwriting Agreement, dated November 16, 2023, by and among the Selling Stockholder, Leonardo DRS, Inc. and the underwriters party thereto, which includes the exercise in full of the underwriters' option to purchase additional shares. The public offering price in the underwritten public offering was $17.750000 per share |