Form 4: Telos Director Schaufeld Gifts, Sells Shares

Telos Corporation Director Fredrick Schaufeld reported gifting 60,000 shares and selling 22,239 shares of common stock from a trust.

Summary

• Fredrick Schaufeld, a Director of Telos Corporation, reported multiple transactions involving the company's common stock.
• On December 11, 2025, 35,000 shares were disposed of by gift from the Fredrick D. Schaufeld Rev Trust. Following this transaction, the trust beneficially owned 995,957 shares.
• On December 12, 2025, an additional 25,000 shares were disposed of by gift from the Fredrick D. Schaufeld Rev Trust. This reduced the trust's beneficial ownership to 970,957 shares.
• Also on December 12, 2025, 22,239 shares were sold from the Fredrick D. Schaufeld Rev Trust at a weighted average price of $6.02 per share. The sale prices ranged from $5.89 to $6.35.
• After all reported transactions, the Fredrick D. Schaufeld Rev Trust beneficially owned 948,718 shares.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• Other beneficial holdings include 181,498 shares indirectly by River Farm Investments, LLC, 250,000 shares indirectly by FDS New River Farm 2017 Irrevocable Trust, and 216,818 shares held directly.

Sentiment

Score: 5

Explanation: The filing is a standard insider transaction report (Form 4) detailing both gifts and a pre-planned sale of shares by a director. It does not inherently convey positive or negative sentiment about the company's operational performance or future prospects.

Positives

• The sale of shares was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan designed to avoid accusations of insider trading.

Negatives

• Director Fredrick Schaufeld, through a trust, reduced his beneficial ownership in Telos Corporation by a total of 82,239 shares (60,000 gifted and 22,239 sold).
• Insider selling, even under a 10b5-1 plan, can sometimes be perceived as a lack of confidence by the market, although the gifts are not typically viewed in the same light as sales.

Future Outlook

This Form 4 filing is a disclosure of insider transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of insider trading activity and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• The gifts of shares from the Fredrick D. Schaufeld Rev Trust represent a transfer of assets, likely to beneficiaries of the trust, which are typically considered related parties to the reporting person.

Stakeholder Impact

• Shareholders: A slight reduction in insider ownership, potentially interpreted as a minor negative signal, though mitigated by the Rule 10b5-1 plan.
• Employees, Customers, Suppliers, Creditors: No direct impact from these insider transactions.

Key Dates

Keywords

Telos Corp, TLS, Fredrick Schaufeld, Insider Trading, Form 4, Stock Sale, Stock Gift, Director Transaction, 10b5-1 Plan