Wood John B 4

What Happened

• John B. Wood, Telos Corp (TLS) Chairman, CEO and Director, had 214,054 restricted stock units (RSUs) vest on 2026-03-18. The award is reported as an acquisition (code A) at $0 per share (RSU grant/vesting).
• On 2026-03-19 Telos withheld 96,539 shares (reported as code F for tax withholding) at $4.27/share to satisfy Wood’s tax withholding obligation, a withholding value of approximately $412,222. After the withholding, Wood received a net 117,515 shares from this vesting (214,054 − 96,539 = 117,515).
• This was an award/vesting event, not an open-market sale or purchase; no shares were sold to a third party in connection with the withholding.

Key Details

• Transaction dates: 2026-03-18 (RSU vesting/award) and 2026-03-19 (tax withholding).
• Prices and values: withholding price $4.27/share; 96,539 shares withheld ≈ $412,222. Gross value of vested RSUs at $4.27 ≈ $914,011.
• Net new shares credited to Wood from this vesting: 117,515 shares. The filing does not state Wood’s total beneficial ownership after the transaction.
• Footnote: Telos withheld shares to satisfy the reporting person’s tax withholding obligation; no third‑party sale occurred.
• Filing timeliness: Report filed 2026-03-20 for a 2026-03-18 vesting and 2026-03-19 withholding; this appears to be a timely Form 4 filing.

Context

• Vesting and company share-withholding to cover taxes is a routine administrative step when RSUs vest and does not represent an open-market sale. For retail investors, RSU vestings increase insider ownership but withheld shares reduce the net shares delivered to the insider.
• Transaction codes: A = award/acquisition (RSU vesting); F = tax withholding (company retains shares to cover tax).