KRAEMER HARRY M JANSEN JR 4

What Happened
KRAEMER HARRY M JANSEN JR, a director of Leidos Holdings, exercised stock options on 2026-02-20 to acquire 3,345 shares. The exercise is reported at $75.02 per share (total ~$250,942). To cover the exercise price and associated fees, the issuer withheld 1,424 shares valued at $176.27 each (total ~$251,008). The option position of 3,345 shares was converted/settled as part of this transaction.

Key Details

• Transaction date: 2026-02-20
• Option exercise: 3,345 shares acquired @ $75.02 (total ~$250,942) — transaction code M (option exercise)
• Share withholding: 1,424 shares withheld/disposed @ $176.27 (total ~$251,008) — transaction code F (tax/exercise withholding)
• Derivative conversion: 3,345 option units marked disposed @ $0.00 reflecting conversion to shares
• Footnote: F1 — shares were withheld by the issuer to cover the exercise price and associated fees (cashless/net settlement)
• Shares owned after the transaction: not specified in the provided data
• Filing date: 2026-02-24 (reporting period 2026-02-20)

Context
This was an option exercise and a cashless/net settlement where the company withheld shares to pay the exercise price/taxes; it is not an open-market purchase or sale for cash. Net new shares received by the insider equal the exercised shares minus the withheld shares (3,345 − 1,424 = 1,921 shares). Such exercises are common for executives/directors and are primarily administrative (realizing options), not a straightforward bullish or bearish signal on its own.