TELOS CORP (TLS) CFO Bendza sells 250,000 shares but keeps sizable stake
Rhea-AI Filing Summary
TELOS CORP executive Gary Mark Bendza, EVP and CFO, reported multiple open‑market sales of company common stock. Over June 24–26, 2026, he sold a total of 250,000 shares at weighted average prices in ranges from $4.12 to $4.54 per share.
After these transactions, Bendza directly holds 737,008 shares of TELOS CORP common stock and indirectly holds 10,721.58 shares through a 401(k) plan. The filing characterizes each transaction as a sale in the open market or a private transaction, with prices reported on a weighted average basis.
Positive
- None.
Negative
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Insights
CFO sold 250,000 TLS shares but retains a large remaining stake.
The EVP and CFO of TELOS CORP, Gary Mark Bendza, executed three open-market sales totaling 250,000 shares of common stock over June 24–26, 2026. Reported weighted average prices ranged between $4.12 and $4.54 per share.
These are straightforward sale transactions (code S) with no associated option exercises or derivative activity, as derivativeSummary shows no remaining derivatives. Following the sales, he still directly owns 737,008 shares plus 10,721.58 shares via a 401(k) plan, indicating a substantial continuing equity position.
The footnotes note that prices are weighted averages across multiple trades and offer to provide detailed breakdowns on request, a standard disclosure for block sales. Future company filings may clarify whether this pattern continues or was a one‑off liquidity event, but no trading plan is referenced in the excerpt.
Insider Trade Summary
Net Seller: 250,000 shares
Net Sell
4 txns
Insider
Bendza Gary Mark
Role
EVP, CFO
Sold
250,000 shs ($1.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 80,140 | $4.41 | $353K |
| Sale | Common Stock | 97,976 | $4.19 | $411K |
| Sale | Common Stock | 71,884 | $4.36 | $313K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 737,008 shares (Direct);
Common Stock — 10,721.58 shares (Indirect, By 401k plan)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.29 to $4.48, inclusive. The reporting person undertakes to provide Telos Corporation, any security holder of Telos Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in these footnotes.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.12 to $4.26, inclusive. The reporting person undertakes to provide Telos Corporation, any security holder of Telos Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in these footnotes.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.31 to $4.54, inclusive. The reporting person undertakes to provide Telos Corporation, any security holder of Telos Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in these footnotes.
Key Figures
Total shares sold: 250,000 shares
Shares sold on Jun 26, 2026: 80,140 shares
Shares sold on Jun 25, 2026: 97,976 shares
+5 more
8 metrics
Total shares sold
250,000 shares
Net common stock sold by CFO over June 24–26, 2026
Shares sold on Jun 26, 2026
80,140 shares
Open-market sale at weighted average price $4.41
Shares sold on Jun 25, 2026
97,976 shares
Open-market sale at weighted average price $4.19
Shares sold on Jun 24, 2026
71,884 shares
Open-market sale at weighted average price $4.36
Direct holdings after transactions
737,008 shares
CFO’s direct common stock position following June 26, 2026 sale
Indirect 401(k) holdings
10,721.58 shares
Common stock held indirectly via 401(k) plan as of June 24, 2026
Price range footnote 1
$4.29–$4.48
Weighted-average price range for one sale group
Price range footnote 2
$4.12–$4.26
Weighted-average price range for another sale group
Key Terms
open-market sale, weighted average price, 401k plan, non-derivative
4 terms
open-market sale financial
"transaction_action is described as an open-market sale of common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
401k plan financial
"Common Stock indirectly owned with nature of ownership noted as By 401k plan"
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
non-derivative financial
"transaction_type is listed as non-derivative for the common stock sales"
FAQ
What insider transactions did TELOS CORP (TLS) report for Gary Mark Bendza?
TELOS CORP reported that EVP and CFO Gary Mark Bendza sold 250,000 shares of common stock in open-market transactions over June 24–26, 2026. These sales were reported as weighted-average prices across multiple trades within specified price ranges.
Were the TELOS CORP (TLS) insider sales open-market transactions?
Yes. Each of the three transactions is coded “S” and described as a sale in the open market or a private transaction. The filing reports weighted-average prices and indicates that the underlying sales occurred across multiple trades within disclosed price ranges.
Does the TELOS CORP (TLS) Form 4 show any option exercises or derivative activity?
No. The transactions involve only non-derivative common stock sales, and the derivativeSummary section is empty. This indicates no reported option exercises, conversions, or other derivative-related transactions in the disclosed activity for June 24–26, 2026.
How are the TELOS CORP (TLS) insider sale prices presented in the Form 4 footnotes?
The prices are reported as weighted averages for each sale. Footnotes explain that the shares were sold in multiple trades within ranges of $4.29–$4.48, $4.12–$4.26, and $4.31–$4.54, and offer detailed trade-level data on request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
