Form 4: Telos VP Acquires Shares Through Performance Unit Vesting

Telos Corporation's VP, Chief Information Technology Officer, Malcolm G. Cooke, acquired 3,348 shares of common stock through the vesting of performance share units, with 1,186 shares withheld for tax obligations.

Summary

• Malcolm G. Cooke, VP, Chief Info Tech Officer of Telos Corp [TLS], reported transactions on July 1, 2025.
• Acquired 3,348 shares of common stock at a price of $3.12 per share, resulting from the vesting of certain performance share units.
• Disposed of 1,186 shares of common stock at a price of $3.12 per share, which were withheld by Telos to satisfy the reporting person's tax withholding obligation related to the vesting of the performance stock units.
• No shares of Telos stock were sold to a third party as part of this transaction.
• Following these transactions, direct beneficial ownership stands at 87,594.091 shares of common stock.
• Indirect beneficial ownership, held in a 401(k) plan, is 10,035.26 shares of common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive through performance unit vesting is generally viewed positively as it aligns management's interests with shareholders. The disposition was solely for tax withholding, not a sale.

Positives

• The acquisition of shares by a key executive through the vesting of performance share units indicates the achievement of internal performance targets and aligns management's interests with shareholder value.
• The transaction is a result of earned compensation, not an open market purchase, reflecting a positive outcome of the company's compensation structure.

Negatives

• No negative aspects are reported in this factual filing of an insider transaction.

Risks

• This Form 4 filing reports an insider transaction and does not contain information regarding company-specific or general risks.

Related Party Transactions

• Malcolm G. Cooke, VP, Chief Info Tech Officer, acquired shares from Telos Corporation upon the vesting of performance share units, and Telos withheld shares for tax obligations, which are standard related-party transactions in the context of executive compensation.

Stakeholder Impact

• Shareholders: The vesting and acquisition of shares by a key executive can be seen as a positive signal, indicating alignment of management's financial interests with those of the shareholders.
• Employees: The transaction reflects a standard executive compensation mechanism (performance share units) within the company.

Key Dates

Keywords

Telos Corp, TLS, Form 4, insider transaction, stock acquisition, performance share units, executive compensation, Malcolm G. Cooke