TLS Form 4: Chairman John Wood Disposes 200K Shares, Retains ~5M

Rhea-AI Filing Summary

Telos Corporation (TLS) insider transaction: John B. Wood, the company's Chairman and Chief Executive Officer, reported a sale of 200,000 shares of Telos common stock on 09/05/2025 at a reported weighted-average price of $6.55 per share. After the reported sale, Mr. Wood's direct beneficial ownership in Telos is shown as 4,984,365 shares. He also holds indirect beneficial ownership of 772,485 shares through an LLC and 193,970.5 shares via a 401(k) plan. The filing is a Form 4 submitted by a single reporting person and includes a footnote stating the reported price is a weighted average and that the shares were acquired in multiple transactions at prices ranging from $3.61 to $3.71.

Positive

• Timely disclosure of insider transaction by the Chairman and CEO on Form 4
• Detailed ownership breakdown provided showing direct and indirect holdings
• Single reporting person filing simplifies attribution of the transaction

Negative

• Insider sale of 200,000 shares by the CEO was reported, reducing his direct holdings
• Weighted-average price mismatch context requires review: reported sale price $6.55 while footnote cites acquisition prices $3.61–$3.71

Insights

Securities Analyst

TL;DR: CEO reported a sizable 200,000-share sale; ownership remains substantial with nearly 5 million direct shares.

The Form 4 shows a single sizable sale by John B. Wood on 09/05/2025 for 200,000 shares at a reported weighted-average price of $6.55. Post-transaction, Mr. Wood retains 4,984,365 shares directly plus material indirect holdings through an LLC and a 401(k) plan. From a share-count perspective, the sale reduces insider concentration but leaves the CEO with significant continuing exposure to the company’s equity. The filing includes a footnote on weighted-average pricing for prior acquisitions, which is important for reconciling cost basis but does not change the disclosed sale.

Corporate Governance Expert

TL;DR: Disclosure is timely and complete; insider still holds a large equity stake after the sale.

The Form 4 appears properly completed and signed by an attorney-in-fact, indicating compliance with Section 16 reporting. It specifies Mr. Wood’s roles as Director and Chairman/CEO and reports both direct and indirect holdings: 4,984,365 direct shares, 772,485 via an LLC, and 193,970.5 via a 401(k). Such transparency supports investor oversight of insider activity. The transaction was filed individually, with clear dates and amounts, meeting standard disclosure practices for insider changes in beneficial ownership.

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^*

Wood John B

(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
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		S		200,000	D	$6.55(1)	4,984,365	D
Common Stock								772,485	I	By LLC
Common Stock								193,970.5	I	By 401(k) 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 acquired in multiple transactions at prices ranging from $3.61 to $3.71, 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	09/05/2025
	** 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 John B. Wood report on the Form 4 for TLS?

The Form 4 reports that John B. Wood sold 200,000 shares of Telos common stock on 09/05/2025 at a reported weighted-average price of $6.55 per share.

How many Telos (TLS) shares does the CEO own after the reported transaction?

After the reported sale, John B. Wood beneficially owns 4,984,365 shares directly, plus 772,485 shares indirectly via an LLC and 193,970.5 shares via a 401(k) plan.

Who filed the Form 4 for Telos Corporation (TLS)?

The Form 4 was filed for John B. Wood, identified as Chairman and CEO, and the signature on the form is by Helen M. Oh, attorney-in-fact dated 09/05/2025.

Was the Form 4 filed by multiple reporting persons?

No. The filing indicates it was a Form filed by one reporting person.

Does the filing explain the reported price or cost basis for the shares?

Yes. A footnote states the reported price is a weighted average and that the shares were acquired in multiple transactions at prices ranging from $3.61 to $3.71.