Dockery Derrick D. 4
4 · TELOS CORP · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Telos (TLS) Director Derrick Dockery Sells 18,000 Shares
What Happened
Derrick D. Dockery, a director of Telos Corporation (TLS), disposed of 18,000 shares on May 14, 2026. The Form 4 reports a weighted-average sale price of $4.14 per share, for total proceeds of $74,520. The filing indicates the shares were sold in multiple transactions (sale code S), so this is a sale (a disposition), not a purchase or option exercise.
Key Details
- Transaction date: May 14, 2026; Form 4 filed May 15, 2026 (appears timely).
- Shares sold: 18,000; reported weighted-average price: $4.14; total proceeds: $74,520.
- Price range: Footnote F1 states sales occurred at prices between $4.10 and $4.16; the weighted average is reported as $4.14. The filer offers to provide a per-price breakdown on request.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: F1 explains the reported price is a weighted average and the shares were sold in multiple transactions across the stated price range.
Context
This was a straight sale by a company director. Sales by insiders can occur for many reasons (taxes, diversification, personal needs) and do not by themselves indicate company outlook. For retail investors, purchases can be a stronger signal of insider confidence; this filing documents a routine disposition without additional context.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-14$4.14/sh−18,000$74,520→ 160,500 total
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.10 to $4.16, inclusive. The reporting person undertakes to provide Telos Corporation, any security holder of Telos Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.