Gary Mark Bendza - Dec 23, 2021 Form 4 Insider Report for TELOS CORP (TLS)

Role
EVP, CFO
Signature
/s/ Helen M. Oh, attorney-in-fact
Stock symbol
TLS
Transactions as of
Dec 23, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 03:07 PM
Previous filing
Jul 19, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLS Common Stock Award $0 +56.8K +66.43% $0.00 142K Dec 23, 2021 Direct F1
transaction TLS Common Stock Award $0 +17.9K +12.58% $0.00 160K Dec 23, 2021 Direct F2
transaction TLS Common Stock Award $0 +9.8K +6.12% $0.00 170K Dec 23, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 50% will vest on July 19, 2022, and (2) 50% will vest on July 19, 2023.
F2 These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 30% will vest on July 19, 2022, (2) 30% will vest on July 19, 2023, and (3) 40% will vest on July 19, 2024.
F3 These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded is subject to continuous employment through January 1, 2022 and will fully vest on January 31, 2022.