Telos (TLS) Controller Donald Terreri Withholds 1,382 Shares for Taxes

What Happened

Donald Joseph Terreri, Controller and Chief Accounting Officer of Telos Corp (TLS), had 1,382 shares of company stock withheld to satisfy his tax withholding obligation tied to the vesting of performance stock units. The withholding was recorded at $4.54 per share for a total value of $6,274. This was a withholding-for-taxes transaction (code F), not an open-market sale — no shares were sold to a third party.

Key Details

• Transaction date: August 14, 2026. Form 4 filed August 17, 2026.
• Transaction type/code: F — shares withheld to satisfy tax obligation from vesting.
• Shares withheld/disposed: 1,382 shares at $4.54 per share; total value reported $6,274.
• Footnote: Company withheld the shares to cover the reporting person's tax liability from vesting of performance stock units; no third‑party sale occurred.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed Aug 17, 2026; the filing shows no indication of a late report in the provided data.

Context

Share withholding to cover taxes is a common, administrative transaction when restricted or performance shares vest. It is recorded as a disposition on Form 4 but does not mean the insider sold shares on the market — therefore it usually carries little implication about the insider’s view of the company compared with an open-market sale or purchase.