Telos chairman & CEO John Wood sells $389,411 in shares

John B. Wood, CEO and Chairman of Telos Corp (TLS), sold 96,151 shares of the company's common stock on September 21, 2026. The transaction valued at approximately $389,411 was executed at share prices fluctuating between $4.03 and $4.10. The weighted average price for these shares was $4.05, reflecting a decline from the stock's 52-week low of $3.79, a decrease of around 41% in the past year.

Prior to this, Wood owned 5,378,962 shares directly, 1,505,867 shares indirectly through an LLC, and 196,893.39 shares indirectly via a 401(k) plan. Mr. Wood's shares were previously inaccurately reported as a purchase of 200,000 shares in 2022; in reality, these were held indirectly by an LLC managed by Wood and his spouse. The recent sale was made amid Telos's recent financial performance, which saw a 33% year-over-year revenue increase to $47.7 million in its second quarter, outpacing its guidance.

However, the company lowered its third-quarter revenue guidance and projected full-year revenue downward, impacting investor sentiment as evidenced by the share price decline. D.A. Davidson assigned a Neutral rating with a price target of $4.00 on Telos following the update. Despite these mixed signals, Wood maintains a significant beneficial ownership in the company.