Bendza Gary Mark 4

What Happened

• Gary Mark Bendza, Executive Vice President and Chief Financial Officer of Telos Corp (TLS), had 98,019 shares of common stock withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The withholding was reported as a disposition at $4.20 per share, totaling approximately $411,680.
• This was a tax-withholding/cashless settlement of RSUs (reported with transaction code F), not an open-market sale to a third party.

Key Details

• Transaction date: 2026-05-16; Filing date: 2026-05-19 (reported on Form 4).
• Price used for withholding: $4.20 per share; Shares withheld/disposed: 98,019; Total value: ~$411,680.
• Footnote: Telos withheld the shares to satisfy the reporting person's tax withholding obligation from RSU vesting; no shares were sold to a third party.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: Form 4 filed on 2026-05-19 for a 2026-05-16 transaction (within normal reporting window).

Context

• This is a routine tax-withholding event tied to RSU vesting rather than an intentional market sale; such withholdings reduce the insider's net share count but do not necessarily indicate a trading decision.
• Transaction code F indicates shares were retained by the company to cover tax obligations (a common, administrative disposition).