The CEO and CFO both selling open-market shares in a cluster without disclosed 10b5-1 plans is a rare and bearish signal. Monitor for upcoming earnings or material news that may have prompted the sales.
Price Chart
Executive Summary
Telos Corp's CEO and CFO sold a combined $1.10M in open-market shares at $4.05 within a week. The CFO's sale of $707K and the CEO's sale of $389K represent material insider selling relative to the company's market cap, signaling potential concern about near-term prospects.
Key Financial Metrics
Key Facts
- CEO John B Wood sold 96,200 shares for $389,000 on 2026-09-21
- CFO Gary Mark Bendza sold 174,539 shares for $706,883 on 2026-09-18
- Total insider selling of $1.10M at $4.05 per share
- Both sales are open-market (code S) with no 10b5-1 plan indicated
- C-suite cluster selling is a strong bearish signal per academic literature
Financial Impact
$1.10M in insider selling, approximately 0.34% of market cap ($326M)
Risk Factors
- Sales could be pre-planned under a 10b5-1 plan not disclosed in the filing
- Insider sales are generally weaker predictors than buys; liquidity needs may drive some sales
- Stock price may not react immediately if market already discounts insider selling
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TLS-1790029459894 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | Press Release | $4.43 $4.38 | ▼ −1.13% | ▼ −1.55% | $5.22 (+17.83%) |
Oct 1, 2026 25d ago | Press Release | $4.23 $4.37 | ▲ +3.31% | ▲ +2.01% | $5.22 (+23.40%) |
Sep 28, 2026 28d ago | Press Release | $4.06 $4.43 | ▲ +9.11% | ▲ +7.91% | $5.22 (+28.57%) |
Sep 21, 2026 5w ago | Insider Cluster | $4.10 $4.04 | ▲ +1.46% | ▲ +0.28% | $5.22 (−27.32%) |
Sep 10, 2026 6w ago | Insider Cluster | $4.68 $4.18 | ▲ +10.68% | ▲ +10.19% | $5.22 (−11.54%) |
Aug 10, 2026 11w ago | Press Release | $4.03 $4.39 | ▲ +8.93% | ▲ +8.98% | $5.22 (+29.53%) |
Aug 10, 2026 11w ago | 8-K | $4.03 $4.39 | ▲ +8.93% | ▲ +8.98% | $5.22 (+29.53%) |
Jul 14, 2026 14w ago | Press Release | $4.91 $4.57 | ▼ −6.92% | ▼ −5.63% | $5.22 (+6.31%) |
Jun 26, 2026 17w ago | Insider Cluster | $4.51 $4.94 | ▲ +9.53% | ▲ +8.15% | $5.22 (+15.74%) |
Jun 12, 2026 19w ago | Institutional Cluster | $4.57 $4.52 | ▲ +1.09% | ▲ +1.77% | $5.22 (−14.22%) |
US Market Status
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