Telos (TLS) EVP/CFO Gary Bendza Sells Shares

What Happened

• Gary Mark Bendza, EVP and Chief Financial Officer of Telos Corporation (TLS), reported three open-market sales totaling 250,000 shares between June 24 and June 26, 2026. The weighted-average prices were $4.36 (71,884 shares, $313,414), $4.19 (97,976 shares, $410,519), and $4.41 (80,140 shares, $353,417), for aggregate proceeds of $1,077,350. These were sales (not purchases), which are typically routine dispositions rather than a direct bullish signal.

Key Details

• Transaction dates: 2026-06-24, 2026-06-25, 2026-06-26 (filed on 2026-06-26).
• Reported weighted-average prices and proceeds:
  • 6/24: 71,884 sh @ $4.36 = $313,414 (price range per footnote F1: $4.29–$4.48)
  • 6/25: 97,976 sh @ $4.19 = $410,519 (price range per F2: $4.12–$4.26)
  • 6/26: 80,140 sh @ $4.41 = $353,417 (price range per F3: $4.31–$4.54)
• Total shares sold: 250,000; total reported proceeds: $1,077,350.
• The Form 4 notes the reported prices are weighted averages and provides price ranges (F1–F3); the filer offers to provide per-trade breakdowns on request.
• Shares owned after the transactions are not provided in the excerpt supplied.
• Filing date (6/26/2026) appears timely relative to the transactions reported.

Context

• These entries are sales (code "S") and were reported as open-market or private sales on the Form 4; sales by executives can reflect many reasons (diversification, liquidity needs, planned transactions) and are not by themselves proof of company outlook. Purchases tend to be more informative about insider sentiment.