Telos CFO sells 200,000 shares at $4.55

Telos Corporation’s EVP and CFO disclosed an open-market sale of 200,000 TLS shares and reported remaining direct and 401k holdings.

Rhea-AI Filing Summary

TELOS CORP (TLS) executive Gary Mark Bendza, EVP and CFO, reported selling 200,000 shares of common stock on September 9, 2026 in an open-market transaction at a weighted average price of $4.55 per share, with individual sale prices ranging from $4.50 to $4.63 inclusive.

After the sale, he directly holds 537,008 shares of common stock and indirectly holds 10,721.58 shares through a 401k plan. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Seller: 200,000 shares

Net Sell 2 txns

Insider Bendza Gary Mark

Role EVP, CFO

Sold 200,000 shs ($910K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	200,000	$4.55	$910K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 537,008 shares (Direct); Common Stock — 10,721.58 shares (Indirect, By 401k plan)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.50 to $4.63, 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

Shares sold: 200,000 shares Weighted average sale price: $4.55 per share Sale price range: $4.50–$4.63 per share +2 more

5 metrics

Shares sold 200,000 shares Open-market sale of Telos common stock on September 9, 2026

Weighted average sale price $4.55 per share Average price for the 200,000 Telos shares sold

Sale price range $4.50–$4.63 per share Range of prices for the multiple transactions comprising the sale

Direct holdings after transaction 537,008 shares Telos common stock directly held by the EVP, CFO after the sale

Indirect 401k holdings 10,721.58 shares Telos common stock held indirectly through a 401k plan

Key Terms

weighted average price, open-market transaction, indirect, 401k plan

4 terms

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.

open-market transaction financial

"Sale in open market or private transaction"

An open-market transaction is a buy or sell of a company's shares or other securities conducted on a public exchange at the current market price, rather than through a private agreement. Investors watch these trades because they change the number of shares available and can move the price immediately—similar to how a large purchase at a busy store can raise demand and affect the checkout price—so such activity can signal market sentiment and alter ownership stakes.

indirect financial

"Indirect holdings of 10,721.58 shares by 401k plan"

401k plan financial

"Nature of ownership is 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TLS report for EVP & CFO Gary Mark Bendza?

He reported selling 200,000 shares of Telos common stock on September 9, 2026 in an open-market transaction at a weighted average price of $4.55 per share, with individual prices between $4.50 and $4.63.

How many TLS shares does the Telos CFO hold after this Form 4 transaction?

After the sale, Gary Mark Bendza holds 537,008 shares of Telos common stock directly and 10,721.58 shares indirectly through a 401k plan.

Was the Telos (TLS) CFO’s 200,000-share sale under a Rule 10b5-1 plan?

The filing indicates no Rule 10b5-1 trading plan for these transactions; the document-level checkbox for such a plan is not marked.

What price range did the TLS shares sell for in the CFO’s September 9, 2026 trade?

The shares were sold at prices ranging from $4.50 to $4.63 per share, with a reported weighted average price of $4.55 per share.

How is the Telos CFO’s indirect ownership in TLS structured?

He reports 10,721.58 shares of Telos common stock held indirectly through a 401k plan, in addition to his direct shareholdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 08:48 AM EDT Accepted by SEC EDGAR 09/10/2026 - 08:48 AM EDT Learn about SEC filing dates

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^*

Bendza Gary Mark

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2026

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	09/09/2026		S		200,000	D	$4.55(1)	537,008	D
Common Stock								10,721.58	I	By 401k plan

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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.50 to $4.63, 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.

Remarks:

	/s/ Helen M. Oh, attorney-in-fact	09/10/2026
	** 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)