Jefferson V. Wright, EVP of TELOS CORP, recently cashed-in 300,000 options. The options were exercised at $0.00, while the disposals took place at $0.00 per share, on December 21, 2020. Wright continues to hold 992,243 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Wright operates out of Ashburn, VA. Some additional info was provided as follows:
This transaction involved a gift of securities by the reporting person to his spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.
T he shares are held in a trust for the benefit of the reporting person's spouse. The reporting person's spouse is the trustee of the trust. The reporting person disclaims beneficial ownership of the securities and the filing of the report is not an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or otherwise.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Other definitive proxy statements - April 15, 2021
Additional definitive proxy soliciting materials and Rule 14(a)(12) material - April 15, 2021
Major owner of TELOS CORP just declared owning 12,540,437 shares of TELOS CORP - April 8, 2021
Major owner of TELOS CORP just disposed of 2,000,000 shares - April 8, 2021
TELOS: Investor Presentation April 2021 - April 7, 2021