Dockery Derrick D. 4

What Happened
Derrick D. Dockery, a director of Telos Corporation (TLS), reported an open-market sale of 4,100 shares on 2026-03-19. The reported weighted-average price was $4.18, producing proceeds of approximately $17,138. This was a sale (disposition), which is typically routine insider selling rather than a bullish buy signal.

Key Details

• Transaction date: 2026-03-19 (reported on Form 4 filed 2026-03-20). Transaction type: Sale (code S).
• Price: weighted average $4.18; prices in the transactions ranged from $4.18 to $4.19 per share (see footnote).
• Shares sold: 4,100; proceeds ≈ $17,138.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: The filing notes the reported price is a weighted average and the seller will provide a breakdown of the number of shares sold at each separate price (range $4.18–$4.19) upon request.
• Timeliness: Filing was submitted on 2026-03-20 for a 2026-03-19 transaction—no late filing flag noted.

Context
Sales by directors can reflect a variety of personal reasons (diversification, liquidity, taxes) and are not direct indicators of company prospects. Purchases generally carry more interpretive weight for bullish signals. No options exercise, gift, or 10% owner transaction is reported here—this was a straightforward open-market sale.