Gary Mark Bendza - 28 May 2024 Form 4 Insider Report for TELOS CORP (TLS)

Role: EVP, CFO
Signature: /s/ Helen M. Oh, attorney-in-fact
Issuer symbol: TLS
Transactions as of: 28 May 2024
Net transaction value: $0
Form type: 4
Filing time: 30 May 2024, 16:43:03 UTC
Previous filing: 20 May 2024
Next filing: 22 Jul 2024
SEC filing: View on sec.gov

Key filing fact

Gary Mark Bendza filed Form 4 for TELOS CORP (TLS) on 30 May 2024.

Key facts

This page summarizes Gary Mark Bendza's Form 4 filing for TELOS CORP (TLS).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 30 May 2024, 16:43.

Change

Previous filing in this sequence was filed on 20 May 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

TLS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,905
Date: 28 May 2024
Ownership: By 401k plan

TLS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 768,489
Date: 28 May 2024
Ownership: Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

TLS transaction Derivative

Performance-Based RSUs

Award

Transaction value: $0
Shares: +1,338,489
Change %
Price: $0.000000
Shares after: 1,338,489
Date: 28 May 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,338,489
Exercise price
Footnotes: F1, F2

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	Each performance-based RSU presents a contingent right to receive one share of Issuer common stock. A specified number of performance-based RSUs will vest and be settled in shares of Issuer common stock upon Issuers common stock trading at or above a certain market price per share for 50 consecutive calendar days before December 31, 2026, as reported by the NASDAQ Global Market: (a) 243,362 units if trading at or above $6.00 per share; (b) 243,362 units if trading at or above $8 per share; (c) 365,042 units if trading at or above $10 per share; and (d) 486,723 units if trading at or above $12 per share. The reporting person may achieve one or more of these criteria. The Compensation Committee shall determine whether the performance criteria were met. The performance criteria are subject to equitable adjustment by the Compensation Committee in the event of the occurrence of extraordinary or unusual events, including without limitation acquisitions or dispositions.
F2	See Footnote1.

Content

Each performance-based RSU presents a contingent right to receive one share of Issuer common stock. A specified number of performance-based RSUs will vest and be settled in shares of Issuer common stock upon Issuers common stock trading at or above a certain market price per share for 50 consecutive calendar days before December 31, 2026, as reported by the NASDAQ Global Market: (a) 243,362 units if trading at or above $6.00 per share; (b) 243,362 units if trading at or above $8 per share; (c) 365,042 units if trading at or above $10 per share; and (d) 486,723 units if trading at or above $12 per share. The reporting person may achieve one or more of these criteria. The Compensation Committee shall determine whether the performance criteria were met. The performance criteria are subject to equitable adjustment by the Compensation Committee in the event of the occurrence of extraordinary or unusual events, including without limitation acquisitions or dispositions.

See Footnote1.