Telos (NASDAQ: TLS) director granted 34,091 restricted share units in equity award

Rhea-AI Filing Summary

Maluda John W reported acquisition or exercise transactions in this Form 4 filing.

TELOS CORP director John W. Maluda received an equity award of 34,091 restricted share units of common stock as compensation. The grant was reported at a price of $0.00 per share, reflecting that it is an award rather than an open-market purchase.

The restricted share units are subject to forfeiture and will vest and be settled in shares of Telos common stock on May 26, 2028. Following this grant, Maluda directly holds 219,478 shares of Telos common stock, indicating this is an incremental addition to an existing stake.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Maluda John W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	34,091	$0.00	--

Holdings After Transaction: Common Stock — 219,478 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 34,091 shares Grant price: $0.00 per share Holdings after grant: 219,478 shares +1 more

4 metrics

RSU grant size 34,091 shares Restricted share units of Telos common stock granted to director

Grant price $0.00 per share Equity award, not an open-market purchase

Holdings after grant 219,478 shares Total Telos common shares held directly by Maluda after transaction

Vesting date May 26, 2028 RSUs vest and settle in Telos common stock on this date

Key Terms

restricted share units, subject to forfeiture, vest and be settled, transaction code "A"

4 terms

restricted share units financial

"These shares of common stock represent restricted share units granted pursuant to an award agreement"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

subject to forfeiture financial

"granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture"

vest and be settled financial

"The restricted share units awarded will vest and be settled in shares of Issuer common stock"

transaction code "A" financial

"transaction_code": "A" ... "transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Maluda John W

(Last) (First) (Middle)

C/O TELOS CORPORATION

19886 ASHBURN ROAD

(Street)

ASHBURN VIRGINIA 20147

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TELOS CORP [ TLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/26/2026		A		34,091(1)	A	$0	219,478	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock on May 26, 2028.

Remarks:

	/s/ Helen M. Oh, attorney-in-fact	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did TLS director John W. Maluda report?

John W. Maluda reported receiving an award of 34,091 restricted share units of Telos common stock. The award was granted at $0.00 per share as equity compensation, not an open-market purchase, and increases his direct holdings reported in this filing.

How many TLS shares does John W. Maluda hold after this Form 4?

After this reported award, John W. Maluda holds 219,478 shares of Telos common stock directly. This total includes the impact of the 34,091 restricted share units granted in the transaction disclosed in the Form 4 filing.

When do John W. Maluda’s TLS restricted share units vest?

The 34,091 restricted share units granted to John W. Maluda will vest and be settled in shares of Telos common stock on May 26, 2028. Until vesting, the units remain subject to forfeiture under the terms of the award agreement.

Was John W. Maluda’s TLS transaction a market purchase or a grant?

The transaction was a grant of restricted share units, not a market purchase. The Form 4 lists transaction code “A” for a grant or award and shows a price of $0.00 per share, indicating equity compensation from Telos rather than an open-market buy.

What does it mean that TLS restricted share units are subject to forfeiture?

Being subject to forfeiture means John W. Maluda’s restricted share units can be lost if award conditions are not met. According to the filing, they will vest and be settled in shares of Telos common stock on May 26, 2028, if those conditions are satisfied.