TELOS (TLS) CFO Gary Bendza Sells 200,000 Shares

What Happened

• Gary Mark Bendza, Executive Vice President and Chief Financial Officer of Telos Corporation (TLS), sold 200,000 shares on September 9, 2026. The weighted-average price reported was $4.55, for an aggregate value of approximately $910,000. The transaction was a sale (S), which is generally a disposition of shares rather than a purchase signal.

Key Details

• Transaction date: 2026-09-09 (reported on Form 4 filed 2026-09-10).
• Transaction type: Sale (open market or private sale as reported).
• Shares sold: 200,000.
• Price: weighted average $4.55; prices ranged from $4.50 to $4.63 per footnote F1.
• Total value: ~ $910,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 states the reported price is a weighted average; the shares were sold in multiple trades at $4.50–$4.63. The reporting person offers to provide a breakdown of quantities at each price on request.
• Timeliness: Filing was submitted the day after the trade (timely based on the dates shown).

Context

• Sales by executives can be routine (diversification, tax/liquidity needs) and are typically less informative about company outlook than insider purchases. The filing does not indicate a 10b5-1 plan or other instructions; no further motivations are stated in the filing.