TELOS CORP (TLS) SEC Filings, Mar-May 2026

TELOS CORP reported a routine insider update for VP and Chief Information Technology Officer Malcolm G. Cooke. On the reported date, the company withheld 2,548 shares of common stock at $4.20 per share to cover his tax obligation from vesting restricted stock units. The footnote states that no shares were sold to any third party as part of this transaction. Following the disposition, Cooke directly holds 136,679.091 common shares and indirectly holds 12,770.35 shares through a 401(k) account.

TELOS CORP director Derrick D. Dockery sold shares of the company in an open-market transaction. On May 14, 2026, he sold 18,000 shares of Common Stock at a weighted average price of $4.14 per share in multiple trades.

The shares were sold at prices ranging from $4.10 to $4.16 per share, according to the footnote. After this sale, Dockery directly owns 160,500 shares of Telos common stock.

TLS filer submitted a Form 144 reporting a proposed sale of 18,000 shares of Common Stock. The filing lists a prior sale of 4,100 shares on 03/19/2026 with an associated figure of $17,144.56. The filing identifies the securities as Restricted Stock and names the Issuer and broker-dealer on the cover.

Telos Corporation reported a strong turnaround in the first quarter of 2026. Revenue rose to $47.7 million from $30.6 million, driven mainly by 78.1% growth in the Security Solutions segment as multiple Telos ID programs expanded. Net income improved from a loss of $8.6 million to a profit of $2.0 million, helped by sharply lower stock-based compensation and disciplined operating costs, which cut operating expenses by 24.9%.

Operating cash flow increased to $8.7 million, or 18.1% of revenue, and Telos ended the quarter with $50.2 million in cash and cash equivalents and working capital of $58.6 million. The company repurchased about 517,000 shares for $2.2 million under its share repurchase program and still has $47.9 million of authorization available.

Telos Corporation reported strong first quarter 2026 results, with revenue rising 56% year-over-year to $47.7 million, driven by 78% growth in Security Solutions and expansion of large Telos ID programs. GAAP gross margin was 36.4% and cash gross margin was 42.3%, both above internal guidance assumptions. The company generated GAAP net income of $2.0 million versus a loss a year ago, and Adjusted EBITDA increased to $7.9 million with a 16.5% margin, up from 1.2%. Telos produced $8.7 million of operating cash flow and Free Cash Flow of $6.4 million, a 69% increase year-over-year, while repurchasing $2.2 million of stock, or 0.5 million shares, at an average price of $4.25. For the second quarter and full year 2026, Telos forecasts double-digit revenue growth, expanding Adjusted EBITDA margins, robust cash flow and accelerated share repurchases, and reaffirmed its full-year outlook.

Telos Corporation reported the results of its annual stockholder meeting held on May 7, 2026. Stockholders approved Amendment No. 2 to the Amended and Restated 2016 Omnibus Long-Term Incentive Plan, increasing shares available for issuance under the plan by 5,380,000 shares.

Seven directors were elected to serve until the 2027 annual meeting, with John B. Wood receiving 52,539,125 votes for and 2,331,230 withheld. Stockholders also ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.

In addition, stockholders approved the amendment to the long-term incentive plan with 49,009,338 votes for, 5,837,559 against and 23,418 abstentions, and passed the say-on-pay advisory resolution on named executive officer compensation with 53,192,697 votes for, 1,649,451 against and 28,207 abstentions.

Telos Corporation announced that President, CEO and Board Chairman John B. Wood is taking a medical leave of absence, with the duration currently uncertain. Executive Vice Presidents Mark Griffin, Mark Bendza and Hutch Robbins have jointly assumed CEO responsibilities on an interim basis under Board oversight, and Fred Schaufeld has been appointed interim Board Chairman.

The company stated it does not anticipate material disruption to operations during this transition. Telos also expects to report first-quarter revenue and Adjusted EBITDA above the high end of guidance issued on March 16, 2026, and plans to reaffirm its full-year outlook during its May 11, 2026 earnings call.

TELOS CORP ownership update: BlackRock, Inc. amended a Schedule 13G to report beneficial ownership of 3,757,272 shares of TELOS common stock, representing 4.8% of the class. The filing attributes sole voting power for 3,706,993 shares and sole dispositive power for 3,757,272 shares. The filing is signed by a BlackRock Managing Director on 04/27/2026.

Telos Corporation is asking stockholders to vote on four key items at its May 7, 2026 annual meeting: electing seven directors, ratifying PricewaterhouseCoopers LLP as auditor for 2026, approving more shares for its long‑term incentive plan, and an advisory vote on executive pay.

Amendment No. 2 to the 2016 Omnibus Long‑Term Incentive Plan would add 5,380,000 shares for equity awards. The company notes that, combined with existing awards and remaining capacity, potential issuance under the plan could represent up to 20.5% of common stock as of March 23, 2026. There were 77,256,010 shares outstanding and entitled to vote as of the March 10, 2026 record date.

The board highlights majority‑independent governance, detailed committee structures, cybersecurity oversight, and ESG initiatives. Executive compensation is positioned as heavily performance‑based, tying bonuses to 2025 bookings and Adjusted EBITDA, and long‑term incentives to relative total shareholder return and free cash flow hurdles.