Form 4: Telos Director Sells Over 237K Shares

Fredrick Schaufeld, a Director and 10% owner of Telos Corp, sold 237,741 shares of common stock across two transactions in late November 2025.

Summary

• Fredrick Schaufeld, a Director and 10% owner of Telos Corp (TLS), reported sales of common stock.
• On November 25, 2025, 155,794 shares were sold at a weighted average price of $5.87 per share, with prices ranging from $5.73 to $5.98.
• On November 26, 2025, an additional 81,947 shares were sold at a weighted average price of $5.75 per share, with prices ranging from $5.70 to $5.95.
• All reported sales were indirect, held by the Fredrick D. Schaufeld Rev Trust, and were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, the Fredrick D. Schaufeld Rev Trust beneficially owns 1,100,957 shares.
• Schaufeld also maintains other indirect holdings through River Farm Investments, LLC (181,498 shares), FDS New River Farm 2017 Irrevocable Trust (250,000 shares), Haley E. Schaufeld Irr Trust (84,603 shares), Jacob A. Schaufeld Irr Trust (84,602 shares), Max R. Schaufeld Irr Trust (84,602 shares), and 251,818 shares in direct ownership.

Sentiment

Score: 3

Explanation: The sale of a substantial number of shares by a Director and 10% owner typically signals a negative sentiment, as it can imply a belief that the stock is overvalued or that future prospects are not strong. While the sales were made pursuant to a 10b5-1 plan, the sheer volume and the role of the seller are notable.

Negatives

• A Director and 10% owner sold a significant number of shares (237,741 shares) over two days.
• Insider selling, even if pre-planned, can be interpreted by the market as a lack of confidence in the company's short-term prospects or that the stock is fully valued.

Future Outlook

N/A. This Form 4 filing reports past insider transactions and does not contain forward-looking statements or guidance.

Industry Context

N/A. This filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may interpret the insider selling as a negative signal regarding the company's future performance or valuation, potentially leading to downward pressure on the stock price.

Key Dates

Recommendation

While significant insider selling by a Director and 10% owner is generally a negative signal, the transactions were made pursuant to a Rule 10b5-1 plan, which suggests a pre-scheduled sale rather than an immediate reaction to new information. However, the volume of shares sold is substantial. Investors should 'hold' and monitor future insider activity and company performance, as this sale alone doesn't necessarily warrant a 'sell' recommendation without further context on the company's fundamentals or the insider's personal financial planning.

Keywords

Telos Corp, TLS, Fredrick Schaufeld, Insider Selling, Form 4, Director, Stock Sale, Beneficial Ownership, 10b5-1 Plan