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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
30 May 2024, 16:43:03 UTC
Prior SEC filing
20 May 2024
Next SEC filing
22 Jul 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Helen M. Oh, attorney-in-fact

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.
  • Accepted by SEC: 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.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

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

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

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
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote F2

See Footnote1.

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