Cooke Malcolm G. 4
4 · TELOS CORP · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Telos (TLS) VP Malcolm Cooke Receives Award; Shares Withheld for Taxes
What Happened
Malcolm G. Cooke, Vice President and Chief Information Technology Officer at Telos Corp (TLS), had 42,811 restricted stock units (RSUs) recorded as an award/vesting on March 18, 2026. To cover the resulting tax withholding, Telos withheld 13,069 of those shares on March 19, 2026, at a withholding valuation of $4.27 per share, totaling $55,805. The filing shows the award acquisition at $0.00 (typical for vested RSUs) and the withholding reported as a disposition of shares to satisfy taxes; no open-market sale to a third party occurred.
Key Details
- Award (A): 42,811 shares vested on 2026-03-18 (acquisition price reported as $0.00).
- Tax withholding (F): 13,069 shares withheld on 2026-03-19 at $4.27/share = $55,805.
- Reporting/filing: Form 4 filed 2026-03-20 for the 2026-03-18 event (appears timely).
- Shares owned after the transaction: Not specified in the provided filing.
- Footnote: Telos withheld shares to satisfy the reporting person's tax withholding obligation; no shares were sold to a third party as part of this transaction.
Context
This was an equity compensation vesting (RSUs) with a routine company tax-withholding action, not an open-market sale or a purchased stake. Such award vestings are common as part of executive compensation and do not by themselves indicate a buy or sell signal from the insider. The withholding is a cashless method companies use to satisfy tax obligations on vested equity.
Insider Transaction Report
- Award
Common Stock
2026-03-18+42,811→ 152,296.091 total - Tax Payment
Common Stock
[F1]2026-03-19$4.27/sh−13,069$55,805→ 139,227.091 total
- 12,770.35(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]Telos withheld 13,069 shares of its common stock to satisfy the reporting person's tax withholding obligation resulting from the vesting of restricted stock units. The reporting person did not sell any shares of Telos stock to a third party as part of this transaction.