Wood John B 4

What Happened

• John B. Wood, Chairman and CEO of Telos Corp (TLS), was granted 967,256 shares upon vesting of performance share units on Feb 2, 2026 (award at $0.00 per share). To cover the tax withholding from the vesting, Telos withheld 437,581 shares at a withholding value of $5.53 per share, totaling $2,419,823. The shares withheld were not sold to a third party.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (filed within the typical two-business-day Form 4 window).
• Award: 967,256 shares acquired (Code A) at $0.00 per share.
• Tax withholding: 437,581 shares disposed/withheld (Code F) at $5.53 per share = $2,419,823.
• Footnotes: F1 — shares resulted from vesting of performance share units; F2 — Telos withheld shares to satisfy withholding tax; no third-party sale.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was a compensation-related award (vesting of performance stock units), not an open-market purchase or sale motivated by trading. The withholding of shares to cover taxes is a common administrative step (cashless withholding) and does not represent a market sale by the insider to an outside party.