Telos (TLS) CFO Gary Bendza Sells 174,539 Shares

What Happened Gary Bendza, EVP and CFO of Telos Corporation (TLS), sold 174,539 shares of TLS in open-market transactions on September 18, 2026. The Form 4 reports a weighted-average price of $4.05 per share for total proceeds of approximately $706,883. The filing notes the shares were sold in multiple trades at prices ranging from $1.00 to $4.12.

Key Details

• Transaction date: 2026-09-18 (reported on Form 4 filed 2026-09-21)
• Transaction type: Sale (Code S); weighted-average price $4.05; price range $1.00–$4.12 across multiple trades
• Shares sold: 174,539; total proceeds reported ≈ $706,883
• Shares owned after transaction: Not specified in the provided filing
• Footnote: Reporting person states the $4.05 price is a weighted average and will provide a breakdown of the number of shares sold at each price upon request (Footnote F1)
• No 10b5‑1 plan, tax-withholding, or late-filing notation disclosed in this filing

Context Sales by executives can be for many routine reasons (diversification, liquidity, taxes) and are not in themselves a definitive signal about company prospects. This filing documents a straightforward open-market sale; because it’s a sale (not a purchase or option exercise), it generally carries less informational weight for bullish conviction.