Gary Mark Bendza - 23 Dec 2021 Form 4 Insider Report for TELOS CORP (TLS)

Role
EVP, CFO
Signature
/s/ Helen M. Oh, attorney-in-fact
Issuer symbol
TLS
Transactions as of
23 Dec 2021
Net transactions value
$0
Form type
4
Filing time
23 Dec 2021, 15:07:56 UTC
Previous filing
19 Jul 2021
Next filing
09 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLS Common Stock Award $0 +56,800 +66% $0.000000 142,300 23 Dec 2021 Direct F1
transaction TLS Common Stock Award $0 +17,900 +13% $0.000000 160,200 23 Dec 2021 Direct F2
transaction TLS Common Stock Award $0 +9,800 +6.1% $0.000000 170,000 23 Dec 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 50% will vest on July 19, 2022, and (2) 50% will vest on July 19, 2023.
F2 These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 30% will vest on July 19, 2022, (2) 30% will vest on July 19, 2023, and (3) 40% will vest on July 19, 2024.
F3 These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded is subject to continuous employment through January 1, 2022 and will fully vest on January 31, 2022.