Dockery Derrick D. 4

What Happened

• Derrick D. Dockery, a director of Telos Corp (TLS), was granted 34,091 restricted share units (RSUs) on May 26, 2026. The grant was reported at $0.00 per share on the Form 4 (total reported value $0), as no cash was paid by the insider.
• These RSUs are subject to forfeiture and, per the filing footnote, will vest and be settled in shares of Telos common stock on May 26, 2028. This is an equity award (compensation), not a market purchase or sale.

Key Details

• Transaction date: 2026-05-26; Report filed: 2026-05-27 (timely filing).
• Transaction type/code: A — Award/Grant (restricted share units).
• Shares/units granted: 34,091 RSUs; reported acquisition price: $0.00; reported total value: $0.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: RSUs are subject to forfeiture and will vest and be settled into common stock on May 26, 2028.
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing in this report.

Context

• RSU grants are a form of compensation: they do not involve the insider buying shares with cash; instead, the award converts to company stock only if/when vesting conditions are met. Because this was an award (not a purchase or sale), it should not be interpreted as a direct market bet by the insider.
• The Form 4 reports the grant date and terms; any taxable income and market impact will occur at vesting/settlement (or upon any subsequent sale).