CFO Sells Over $1 Million in Open Market Shares
TLS sits 90% above its 52-week low of $2.37 on elevated volume (3.6× avg).
Summary
Telos CFO Gary Mark Bendza sold 250,000 shares of common stock for over $1 million in open market transactions.
Key Events · Ownership and Investor Activity · TLS
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CFO Sells Significant Stake
EVP and CFO Gary Mark Bendza disposed of 250,000 shares of common stock in open market sales between June 24-26, 2026, totaling $1,077,351.
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Follows Recent Form 144 Filing
This Form 4 confirms the execution of the sale previously indicated by a Form 144 filed on June 24, 2026, for the same number of shares and approximate value.
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Post-Transaction Holdings
Following these transactions, Bendza's direct holdings are 915,124 shares, with an additional 10,721.58 shares held indirectly.
Analysis · TLS · Technology
The Chief Financial Officer's sale of over $1 million in company stock, following a recent Form 144 filing, represents a significant insider disposition. While the company recently reported strong Q1 results and expanded its share repurchase program, this sale by a key executive could be interpreted as a move for personal liquidity or a lack of conviction, potentially offsetting some positive sentiment from recent financial performance.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.7% of the 1694 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TLS was trading at $4.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $336.7M. The 52-week trading range was $2.37 to $8.36. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.