DRS SEC Filing News — Leonardo DRS, Inc.

Latest SEC filings for Leonardo DRS, Inc. (DRS) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-10-01.

Leonardo DRS, Inc., together with its subsidiaries, provides defense electronic products and systems, and military support services worldwide. It operates through Advanced Sensing and Computing and Integrated Mission Systems segments. The Advanced Sensing and Computing segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span…
Sector: Industrials Industry: Aerospace & Defense Market Cap: $9.4B
20
Total Filings
0
Bullish Classifications
7
Bearish Classifications
10
Insider Transactions
3
Material Events (8-K)
1
Periodic Reports
Rule-based classifications for DRS currently lean bearish. Of the 20 filing records displayed, 7 carry bearish classifications (such as insider sales or negative 8-K disclosures) versus 0 bullish. This does not necessarily signal fundamental deterioration — insiders sell for many reasons — but it is worth monitoring alongside the company's core financial metrics.
DRS Filing Activity Snapshot 2026-06-09 — 2026-10-01
Insider Transactions (Form 4)
0 buys vs 7 sells
Net insider selling in this period — insiders sell for many reasons beyond conviction.
Largest Form 144 Filing
$1.67M
Baylouny John (Director, President and CEO) · 2026-06-22
36,471 shares · Form 4
Form 144 Notices
6
Proposed insider sales filed — Form 144 is a notice of intent, not a confirmed transaction. Actual sales are confirmed via Form 4.
Insider Transactions 10 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 10 filings in this group are Form 4s for Leonardo DRS, Inc.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 10 insider filings shown, the breakdown is 7 open-market sale, 2 option exercise and 1 gift. 7 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Open-market sale ×7
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Option exercise ×2
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Gift ×1
Shares were transferred as a gift, typically for estate or charitable planning. No sale into the market took place.
Form 4 Option exercise Tax / Compensation Filing 2026-10-01

DRS insider Form 4 filed for equity award, exercise, or tax withholding

TOWNSEND FRANCES F (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 1,006 — —
M Option exercise derivative · Restricted Stock Unit 1,006 — —
Filing: Form 4 (Insider Transaction) Insider: TOWNSEND FRANCES F (Director) Shares: 1,006
View on SEC EDGAR → Open Filing Document →
Form 4 Gift Tax / Compensation Filing 2026-09-10

DRS insider Form 4 filed for equity award, exercise, or tax withholding

Krieg Kenneth J (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were transferred as a gift, typically for estate or charitable planning. No sale into the market took place.

Transactions reported on this filing
Code Nature Shares Price Value
G Gift 3,700 — —
Filing: Form 4 (Insider Transaction) Insider: Krieg Kenneth J (Director) Shares: 3,700
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-09-08

DRS insider Dorfman Mark (EVP, GC and Secretary) sold 7,471 shares (~$276.5K)

Dorfman Mark, listed as EVP, GC and Secretary at Leonardo DRS, Inc., reported an open-market sale of 7,471 DRS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 7,471 $37.01 $276.5K
Filing: Form 4 (Insider Transaction) Insider: Dorfman Mark (EVP, GC and Secretary) Shares: 7,471 Est. Value: $276.5K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-09-04

DRS insider Dippold Michael (EVP and CFO) sold 20,317 shares (~$755.4K)

Dippold Michael, listed as EVP and CFO at Leonardo DRS, Inc., reported an open-market sale of 20,317 DRS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 20,317 $37.18 $755.4K
Filing: Form 4 (Insider Transaction) Insider: Dippold Michael (EVP and CFO) Shares: 20,317 Est. Value: $755.4K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-05

DRS insider Rinsky Jason (EVP Chief Tax and Treasury) sold 3,864 shares (~$177.0K)

Rinsky Jason, listed as EVP Chief Tax and Treasury at Leonardo DRS, Inc., reported an open-market sale of 3,864 DRS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 3,864 $45.81 $177.0K
Filing: Form 4 (Insider Transaction) Insider: Rinsky Jason (EVP Chief Tax and Treasury) Shares: 3,864 Est. Value: $177.0K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-07-08

DRS insider Rinsky Jason (EVP Chief Tax and Treasury) sold 3,865 shares (~$175.4K)

Rinsky Jason, listed as EVP Chief Tax and Treasury at Leonardo DRS, Inc., reported an open-market sale of 3,865 DRS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 3,865 $45.37 $175.4K
Filing: Form 4 (Insider Transaction) Insider: Rinsky Jason (EVP Chief Tax and Treasury) Shares: 3,865 Est. Value: $175.4K
View on SEC EDGAR → Open Filing Document →
Form 4 Option exercise Tax / Compensation Filing 2026-07-01

DRS insider Form 4 filed for equity award, exercise, or tax withholding

TOWNSEND FRANCES F (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 1,006 — —
M Option exercise derivative · Restricted Stock Unit 1,006 — —
Filing: Form 4 (Insider Transaction) Insider: TOWNSEND FRANCES F (Director) Shares: 1,006
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-06-22

DRS insider Baylouny John (Director, President and CEO) sold 36,471 shares (~$1.67M)

Baylouny John, listed as Director, President and CEO at Leonardo DRS, Inc., reported an open-market sale of 36,471 DRS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 36,471 $45.67 $1.67M
Filing: Form 4 (Insider Transaction) Insider: Baylouny John (Director, President and CEO) Shares: 36,471 Est. Value: $1.67M
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-06-15

DRS insider Wallace Sally (EVP, Chief Operating Officer) sold 1,300 shares (~$65.0K)

Wallace Sally, listed as EVP, Chief Operating Officer at Leonardo DRS, Inc., reported an open-market sale of 1,300 DRS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 1,300 $50.00 $65.0K
Filing: Form 4 (Insider Transaction) Insider: Wallace Sally (EVP, Chief Operating Officer) Shares: 1,300 Est. Value: $65.0K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-06-09

DRS insider Dippold Michael (EVP and CFO) sold 8,318 shares (~$386.6K)

Dippold Michael, listed as EVP and CFO at Leonardo DRS, Inc., reported an open-market sale of 8,318 DRS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 8,318 $46.48 $386.6K
Filing: Form 4 (Insider Transaction) Insider: Dippold Michael (EVP and CFO) Shares: 8,318 Est. Value: $386.6K
View on SEC EDGAR → Open Filing Document →
Proposed Insider Sales 6 · Form 144

A Form 144 is a notice of intent to sell restricted or control securities. It is not a record that anything was sold. Leonardo DRS, Inc. has 6 such notices in this period.

The distinction matters because a Form 144 is frequently reported as though it were a completed insider sale. The filer may sell all of the shares covered, some of them, or none at all, and there is no obligation to update the notice either way. A sale that is actually executed by an officer or director shows up separately on a Form 4, which is the filing to check before treating a proposed sale as a real one.

Form 144 Proposed Insider Sale 2026-09-04

DRS Form 144 filed for proposed insider sale by Dorfman Mark (7,471 shares) ~$276.5K

Dorfman Mark filed a Form 144 with the SEC indicating intent to sell DRS (Leonardo DRS, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: Dorfman Mark Shares: 7,471 Est. Value: $276.5K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-09-02

DRS Form 144 filed for proposed insider sale by Dippold Michael (20,317 shares) ~$766.0K

Dippold Michael filed a Form 144 with the SEC indicating intent to sell DRS (Leonardo DRS, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: Dippold Michael Shares: 20,317 Est. Value: $766.0K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-08-04

DRS Form 144 filed for proposed insider sale by Rinsky Jason (3,864 shares) ~$177.0K

Rinsky Jason filed a Form 144 with the SEC indicating intent to sell DRS (Leonardo DRS, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: Rinsky Jason Shares: 3,864 Est. Value: $177.0K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-07-07

DRS Form 144 filed for proposed insider sale by Rinsky Jason (3,865 shares) ~$175.4K

Rinsky Jason filed a Form 144 with the SEC indicating intent to sell DRS (Leonardo DRS, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: Rinsky Jason Shares: 3,865 Est. Value: $175.4K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-06-18

DRS Form 144 filed for proposed insider sale by Baylouny John (36,471 shares) ~$1.67M

Baylouny John filed a Form 144 with the SEC indicating intent to sell DRS (Leonardo DRS, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: Baylouny John Shares: 36,471 Est. Value: $1.67M
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-06-11

DRS Form 144 filed for proposed insider sale by Wallace Sally (1,300 shares) ~$65.0K

Wallace Sally filed a Form 144 with the SEC indicating intent to sell DRS (Leonardo DRS, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: Wallace Sally Shares: 1,300 Est. Value: $65.0K
View on SEC EDGAR → Open Filing Document →
Material Events 3 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There are 3 in this period for Leonardo DRS, Inc. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-07-30

DRS filed 8-K — material company event

Leonardo DRS, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Form 8-K Material Company Update 2026-07-28

DRS filed 8-K — material company event

Leonardo DRS, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Form 8-K Material Company Update 2026-07-17

DRS filed 8-K — material company event

Leonardo DRS, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for Leonardo DRS, Inc.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-07-30

DRS filed Quarterly Report (10-Q)

Leonardo DRS, Inc. filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)
View on SEC EDGAR → Open Filing Document →

How we classify Leonardo DRS, Inc.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on DRS. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — DRS SEC Filings

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Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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