Gary Mark Bendza - 20 Oct 2025 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
20 Oct 2025
Net transactions value
-$1,146,444
Form type
4
Filing time
21 Oct 2025, 16:14:22 UTC
Previous filing
25 Aug 2025
Next filing
13 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bendza Gary Mark EVP, CFO C/O TELOS CORPORATION, 19886 ASHBURN ROAD, ASHBURN /s/ Helen M. Oh, attorney-in-fact 21 Oct 2025 0001872955

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLS Common Stock Award $0 +114,663 +15% $0.000000 855,683 20 Oct 2025 Direct F1
transaction TLS Common Stock Options Exercise +243,362 +28% 1,099,045 20 Oct 2025 Direct F2
transaction TLS Common Stock Tax liability $1,146,444 -161,471 -15% $7.10 937,574 20 Oct 2025 Direct F3
holding TLS Common Stock 8,483 20 Oct 2025 By 401k plan

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TLS Performance-Based RSUs Options Exercise -243,362 -18% 1,095,127 20 Oct 2025 Common Stock 243,362 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired these shares upon the vesting of certain performance stock units.
F2 Each performance-based RSU presents a contingent right to receive one share of Telos common stock. These performance-based RSUs vested and settled in shares of Telos common stock once Telos' common stock traded at or above $6.00 per share for 50 consecutive calendar days on the NASDAQ Global Market.
F3 Telos withheld 161,471 shares of its common stock to satisfy the reporting person's tax withholding obligation resulting from the vesting of the performance stock units. The reporting person did not sell any shares of Telos stock to a third party as part of this transaction.