Telos (TLS) Director Derrick D. Dockery Sells 12,000 Shares

What Happened

• Derrick D. Dockery, a director of Telos Corporation (TLS), reported an open-market sale of 12,000 shares on 2026-08-21. The filing lists a weighted average sale price of $4.43, producing proceeds of approximately $53,160. The transaction is coded as a sale (S).

Key Details

• Transaction date: 2026-08-21; Form 4 filed: 2026-08-24 (Accession 0001628280-26-058627).
• Price reported: weighted average $4.43; individual trades occurred at prices ranging $4.40–$4.48 per share (see footnote).
• Shares disposed: 12,000; proceeds ≈ $53,160.
• Shares owned after the transaction: not disclosed in this filing.
• Footnote: the $4.43 is a weighted average; the filer says they can provide a breakdown of number of shares sold at each price in the $4.40–$4.48 range upon request.
• Transaction type: open-market sale (code S). No indication in the filing of a 10b5-1 plan, gift, or tax withholding for this transaction.

Context

• Sales by directors can be routine (diversification, liquidity, tax planning) and do not by themselves indicate company outlook. Purchases are generally considered a stronger positive signal than sales. This Form 4 documents the sale; no additional derivatives or option exercises are reported.