Telos Corp SEC Filings

UBS AG is offering Contingent Income Auto-Callable Securities linked to the common stock of PayPal Holdings, Inc. (PYPL). The notes are senior unsecured obligations of UBS AG London Branch, priced at $1,000 per security, with expected issuance on 16 July 2025 and maturity on or about 14 July 2028 (≈36 months).

Coupon mechanics: investors receive a fixed contingent payment of $27.875 per quarter (≈11.15 % p.a.) for any determination date on which PYPL’s closing price is at least 65 % of the initial price (“downside threshold”). If, on any determination date other than the final one, PYPL closes at or above 100 % of the initial price (“call threshold”), the notes are automatically redeemed for $1,000 + the current coupon.

Principal repayment: • If the final price on 11 July 2028 is ≥65 % of the initial price, holders receive principal plus the final coupon. • If it is <65 %, UBS will pay a cash value equal to the percentage decline in PYPL, exposing investors to a 1-for-1 loss below the threshold and up to 100 % loss of principal. There is no upside participation in PYPL shares.

Key economics & costs: • Estimated initial value: $937.30 – $967.30 (3.3 %-6.3 % below issue price), reflecting dealer margins, hedging and funding costs. • Up-front fees total 2.25 % of principal (1.75 % sales commission, 0.50 % structuring fee). • Securities will not be listed; UBS Securities LLC intends, but is not obligated, to provide a secondary market.

Risk highlights: investors face (i) issuer credit risk of UBS AG, (ii) equity risk in PYPL, (iii) liquidity risk given the unlisted nature, (iv) early-call reinvestment risk, and (v) tax uncertainty; the notes are treated as prepaid derivatives with ordinary-income coupons.

Investor profile: suitable only for sophisticated investors who can tolerate loss of principal, limited upside, and illiquidity in exchange for above-market contingent income.

Cardlytics, Inc. (CDLX) – Form 144 filing indicates an insider intends to sell 5,271 common shares on or about 02-Jul-2025 through Fidelity Brokerage on Nasdaq. The proposed sale represents ≈0.01 % of the company’s 52.5 million shares outstanding and carries an estimated market value of $9,396.

The filer—identified in the past-sales section as Nicholas Lynton—previously sold 6,057 shares in two transactions during April 2025, generating gross proceeds of $10,852. The shares to be sold were acquired via restricted-stock vesting on 01-Jul-2025 and are being disposed of for personal account purposes; no cash outlay was involved in the acquisition (classified as compensation).

Because the volume is immaterial relative to the float and no undisclosed adverse information is asserted, the filing is generally routine. Nonetheless, it signals continued insider selling within a three-month window, which investors may monitor for sentiment trends rather than fundamental impact.

Form 8-K Highlights: Hyperion DeFi, Inc. (formerly Eyenovia, Inc.) filed a current report covering two principal matters: (1) departure of its Chief Operating Officer and (2) a corporate name and ticker change.

Executive departure (Item 5.02): Effective July 1, 2025, COO Bren Kern’s employment terminated in connection with a previously announced reduction-in-force. Under a Separation and Release Agreement, he will receive 12 months of base salary and up to 12 months of continued health-care benefits, conditioned upon standard release and covenant provisions. The agreement is attached as Exhibit 10.1.

Name and ticker change (Item 5.03): A Certificate of Amendment filed June 30, 2025, changed the company’s legal name from Eyenovia, Inc. to Hyperion DeFi, Inc., effective 8:00 a.m. ET on July 1, 2025. Board approval under Delaware General Corporation Law §242 was sufficient; no stockholder vote was required. Common shares retain the same rights and CUSIP, but the Nasdaq ticker will convert from “EYEN” to “HYPD” beginning July 3, 2025.

Reg FD disclosure (Item 7.01): A press release regarding the rebrand and ticker change was furnished (Exhibit 99.1) and is not deemed “filed” for Exchange Act liability.

Exhibits:

• 3.1 – Certificate of Amendment (Name Change)
• 10.1 – Separation and Release Agreement (COO)
• 99.1 – Press Release announcing changes
• 104 – Inline XBRL cover page

The filing is primarily administrative; it signals a strategic rebranding without altering share structure, while simultaneously disclosing senior management turnover that may raise continuity concerns.

SEC Form 4 filed for First Guaranty Bancshares, Inc. (FGBI) discloses that director Edgar R. Smith III markedly increased his ownership on 30 June 2025.

• Open-market purchase: 30,865 common shares acquired at $8.10 (Code P).
• Debt-for-equity exchange: 1,981,506 new shares issued at $7.57 in exchange for a $15 million floating-rate subordinated note under an Exchange Agreement dated 16 June 2025.
• Note amendments: 88,482 shares issued at $8.00 to Smith & Tate Investments, LLC pursuant to amendments to an existing promissory note and a subordinated note.

Following these transactions, Smith reports 2,852,467 shares held directly. Indirectly, he controls additional positions through several LLCs, including Smith & Hood Holding Company, LLC (1,062,817 shares) and three other investment entities, taking total reported beneficial ownership well above three million shares.

The filing signals a net addition of roughly 2.1 million shares, replacing interest-bearing debt with equity and reflecting continued insider confidence. Because the new shares were issued below recent market purchases ($7.57 vs. $8.10), the company reduces debt at a valuation apparently acceptable to both parties while the director deepens alignment with common shareholders.

Triumph Financial, Inc. (TFIN) – Form 4 insider filing

Director Laura Easley reported the July 1, 2025 receipt of 653 fully-vested common shares granted under the company’s 2014 Omnibus Incentive Plan. The award was recorded at $0 cost, indicating a standard equity compensation grant rather than an open-market purchase. Following the transaction, Easley’s direct holdings rose to 8,301 shares. She also reports 1,895 shares held indirectly as trustee of the Easley Family Trust, for total beneficial ownership of 10,196 shares.

No derivative securities were involved, and there were no dispositions. This filing reflects routine board-level compensation and represents a modest increase in insider ownership (approximately 0.04% of TFIN’s 25 million share count, assuming prior public float). While not financially material to the company, insider accumulation can be viewed as a modestly positive governance signal.