Form 4: Telos Corp Director Borland Acquires Shares and Disposes of Shares in Recent Transaction

Director David Borland acquired 40,323 shares of Telos Corp common stock and disposed of 95,233 shares through a transaction on May 21, 2024.

Summary

• On May 21, 2024, David Borland, a director of Telos Corp, acquired 40,323 shares of common stock.
• These shares were acquired at a price of $0.
• Borland also disposed of 95,233 shares held indirectly by trust.
• Following the transaction, Borland directly owns 131,620 shares of Telos Corp.
• The 40,323 shares represent restricted share units granted pursuant to an award agreement and are subject to forfeiture.
• These restricted share units will vest and be settled in shares of Issuer common stock on May 21, 2026.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a routine transaction with both acquisition and disposal of shares. The vesting of restricted share units is a standard practice.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.

Negatives

• The disposal of 95,233 shares held indirectly by trust could be seen as a negative signal.

Risks

• The restricted share units are subject to forfeiture, which introduces a risk that the director may not ultimately receive all of the shares.

Future Outlook

The restricted share units awarded will vest and be settled in shares of Issuer common stock on May 21, 2026.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transaction may have a minor impact on shareholders depending on how they interpret the director's actions.

Key Dates