DRS Leonardo DRS, Inc.
Price Chart
Executive Summary
Three senior EVPs (CFO, GC, and Chief Tax/Treasury) sold a combined $821K in open-market sales over a 5-day window. Seven independent directors simultaneously exercised $0-cost options on June 4—these are non-cash events that create zero economic signal but establish a shared vesting/trading window pattern. The CFO's sale matches the prior 30-day run-rate (he alone sold $387K in both windows), and the GC/treasury sales fit the June 4 exercise-or-vesting date, consistent with 10b5-1 or blackout-closing liquidity. At 0.007% of $12.4B market cap, the cluster is trivial in proportional terms.
Key Financial Metrics
Actionable Insight
The cluster is dominated by non-cash director option exercises and small EVP sales that are consistent with routine liquidity/vesting patterns. The sales are well under the 0.1% materiality threshold and match prior run-rates. No actionable bearish signal—ignore for trading purposes.
Key Facts
- 3 EVP open-market sales: CFO ($387K), GC ($253K), Tax/Treasury ($181K) = $821K total
- 7 independent directors exercised $0-cost options on June 4 (non-cash, $0 economic value)
- Total sales are 0.007% of $12.4B market cap
- CFO Dippold's sale pattern matches his prior $387K sale in the last 30 days
- June 4 option exercises by 7 directors strongly indicate a routine vesting/exercise date creating the trading window
Financial Impact
Open-market sales total $821K, or approximately 0.007% of the $12.4B market cap
Risk Factors
- Historical calibration shows past long calls on DRS at score=6 and score=7 have low win rates (31% and 33% respectively) with negative net alpha, but that is not informative for this particular neutral/low-impact event
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DRS-1781037675933 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $47.96 awaiting T+20 | awaiting T+20 | — | $48.53 (+1.19%) |
|
Jun 9, 2026
5d ago
|
Insider Cluster
| $47.37 awaiting T+20 | awaiting T+20 | — | $48.53 (+2.45%) |
|
May 5, 2026
5w ago
|
8-K
| $39.70 $47.39 | ▲ +19.37% | ▲ +14.42% | $48.53 (+22.24%) |
|
Apr 3, 2026
10w ago
|
DEFA14A
| $46.73 $40.00 | ▼ −14.40% | ▼ −23.38% | $48.53 (+3.85%) |
|
Apr 2, 2026
10w ago
|
144
| $46.30 $40.63 | ▼ −12.25% | ▼ −22.12% | $48.53 (+4.82%) |
|
Apr 1, 2026
10w ago
|
3
| $46.30 $40.63 | ▼ −12.25% | ▼ −22.12% | $48.53 (+4.82%) |
|
Mar 16, 2026
13w ago
|
Insider Cluster
| $45.30 $47.54 | ▼ −4.94% | ▼ −1.17% | $48.53 (−7.13%) |
|
Mar 3, 2026
14w ago
|
Insider Cluster
| $45.42 $44.52 | ▼ −1.99% | ▲ +2.41% | $48.53 (+6.84%) |
US Market Status
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