Terreri Donald Joseph 4

What Happened Donald Terreri, Controller and Chief Accounting Officer of Telos Corp (TLS), received an award of 24,973 restricted share units (RSUs) on 2026-03-18 (grant reported as $0 exercise price). To satisfy tax withholding when the RSUs vested, Telos withheld 12,587 shares on 2026-03-19 at $4.27 per share, equal to $53,746. The filing shows the withholding as a disposition of shares but the reporting person did not sell shares to a third party.

Key Details

• Grant date: 2026-03-18 — 24,973 RSUs awarded (grant recorded with $0 acquisition price).
• Withholding/tax settlement: 2026-03-19 — 12,587 shares withheld at $4.27/sh = $53,746 (transaction code F).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Telos withheld shares to satisfy the reporting person's tax obligations from RSU vesting; no open-market sale to a third party was reported.
• Filing date: 2026-03-20 — appears to be filed timely relative to the reported transactions.

Context This is a routine equity compensation event: the primary action was receipt/vesting of RSUs and a standard company share-withholding to cover tax liabilities. Such withholdings are administrative and do not necessarily indicate a change in insider sentiment.