Director at Telos (TLS) receives 34,091 RSUs vesting in 2028

Rhea-AI Filing Summary

Borland David reported acquisition or exercise transactions in this Form 4 filing.

Telos Corp director David Borland reported an equity award and updated holdings. He received 34,091 restricted share units of common stock at a stated price of $0.00 per share as a grant or award. These restricted share units are subject to forfeiture and will vest and be settled in Telos common stock on May 26, 2028. Following this award, he holds 227,909 shares directly and 95,233 shares indirectly through a trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Borland David

Role null

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

Holdings After Transaction: Common Stock — 227,909 shares (Direct, null); Common Stock — 95,233 shares (Indirect, By Trust)

Footnotes (1)

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Key Figures

RSU grant size: 34,091 shares Grant price per unit: $0.00 per share RSU vesting date: May 26, 2028 +2 more

5 metrics

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

Grant price per unit $0.00 per share Stated price for restricted share units

RSU vesting date May 26, 2028 Date RSUs vest and settle in common stock

Direct holdings after award 227,909 shares Telos common stock held directly by David Borland

Indirect holdings via trust 95,233 shares Telos common stock held indirectly by trust

Key Terms

restricted share units, subject to forfeiture, vest and be settled, By Trust

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

"and are subject to forfeiture. The restricted share units awarded will vest"

vest and be settled financial

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

By Trust financial

"total_shares_following_transaction: 95233.0000, direct_or_indirect: I, nature_of_ownership: By Trust"

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^*

Borland David

(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	227,909	D
Common Stock								95,233	I	By Trust

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 equity award did Telos (TLS) director David Borland receive?

David Borland received 34,091 restricted share units of Telos common stock as a grant. The award carries a stated price of $0.00 per share and represents stock-based compensation rather than an open-market purchase.

When do David Borland’s new Telos (TLS) restricted share units vest?

The 34,091 restricted share units awarded to David Borland vest on May 26, 2028. On that date, they are scheduled to be settled in shares of Telos common stock, assuming vesting conditions are satisfied and the units are not forfeited.

How many Telos (TLS) shares does David Borland hold after this Form 4?

After the reported transactions, David Borland holds 227,909 Telos common shares directly. He also has an indirect position of 95,233 shares held by a trust, giving a combined reported holding across both direct and indirect ownership categories.

Are David Borland’s new Telos (TLS) restricted share units immediately owned?

The restricted share units are granted but subject to forfeiture until vesting. They will be settled in Telos common stock on May 26, 2028, meaning full ownership of the underlying shares depends on meeting the vesting conditions described in the award.

Did David Borland buy or sell Telos (TLS) shares on the open market?

The Form 4 shows a grant of 34,091 restricted share units at $0.00 per share, categorized as a grant or award acquisition. It does not report any open-market purchases or sales of Telos common stock by David Borland in this filing.