TLS Form 4: Director John Maluda disposes 52,595 shares at $6.60

Rhea-AI Filing Summary

Telos Corporation director John W. Maluda reported a sale of company stock on 08/22/2025. The Form 4 shows Mr. Maluda, filing as a director and reporting person, disposed of 52,595 shares of Telos common stock in one or more transactions at a weighted average price of $6.60 per share, with individual trade prices ranging from $6.50 to $6.73. After the reported sale, he beneficially owned 185,387 shares, reported as direct ownership.

The form was filed by one reporting person and signed on behalf of Mr. Maluda by attorney-in-fact Helen M. Oh. The filing includes a footnote stating the reporting person will provide details of the number of shares acquired at each price within the disclosed range upon request.

Positive

• Proper disclosure of director sale including weighted average price and price range
• Continued significant ownership after the sale: 185,387 shares remain beneficially owned

Negative

• None.

Insights

Securities Analyst

TL;DR: Director sold a material block of shares; ownership remains significant at 185,387 shares.

The reported disposition of 52,595 common shares at a weighted average of $6.60 shows an outright sale by a director rather than an option exercise or derivative transaction. The filing discloses direct beneficial ownership of 185,387 shares following the sale, which remains a meaningful holding that could align with continuing insider exposure to company performance. The disclosure of a price range and the commitment to provide per-price quantities on request provides transparency about execution details.

Corporate Governance Expert

TL;DR: Routine insider sale disclosed properly; signature by attorney-in-fact recorded.

The Form 4 appears to be a standard Section 16 disclosure documenting a directors sale activity. It identifies the reporting persons role as a director and confirms single-person filing. The signature block indicates filing was executed by an attorney-in-fact, Helen M. Oh, which is a common practice for these filings. There are no derivative or other related transactions reported on this form.

Insider Trade Summary

Net Seller: 52,595 shares ($347,127)

Net Sell 1 txn

Insider Maluda John W

Role Director

Sold 52,595 shs ($347K)

Type	Security	Shares	Price	Value
Sale	Common Stock	52,595	$6.60	$347K

Holdings After Transaction: Common Stock — 185,387 shares (Direct)

Footnotes (1)

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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 VA 20147

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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

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

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

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	08/22/2025		S		52,595	D	$6.6(1)	185,387	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. The price reported in Column 4 is a weighted average price. The shares were acquired in multiple transactions at prices ranging from $6.50 to $6.73, 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 acquired at each separate price within the range set forth in these footnotes.

Remarks:

	/s/ Helen M. Oh, attorney-in-fact	08/22/2025
	** 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.

FAQ

What did Telos director John W. Maluda report on Form 4 (TLS)?

The Form 4 reports that John W. Maluda sold 52,595 shares of Telos common stock on 08/22/2025 at a weighted average price of $6.60 per share, with prices ranging from $6.50 to $6.73.

How many shares did John W. Maluda own after the reported sale?

Following the reported transaction, Mr. Maluda beneficially owned 185,387 shares, reported as direct ownership.

Was the Form 4 filed by multiple reporting persons for TLS?

No. The filing indicates a Form filed by One Reporting Person.

Who signed the Form 4 for John W. Maluda?

The Form 4 is signed by Helen M. Oh, attorney-in-fact, with the signature dated 08/22/2025.

Does the filing disclose derivative or option transactions for TLS?

No. Table II for derivative securities contains no reported transactions; only a non-derivative sale of common stock is disclosed.