John B Wood, TELOS CORP's Chairman and CEO and a director of the company, recently cashed-in 1,386,000 options. The options were exercised at $0.00, while the disposals took place at $0.00 per share, on December 22, 2020. Wood continues to hold 5,573,344 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Wood operates out of Ashburn, VA. Some additional info was provided as follows:
Reflects approximately 0.794 to 1 reverse stock split effective November 12, 2020.
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 r eporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.
The shares are held by JJJJJV, LLC, a limited liability company of which the reporting person is the manager and of which the reporting person and his spouse are the only members. 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:
Additional definitive proxy soliciting materials and Rule 14(a)(12) material - April 15, 2021
Other definitive proxy statements - 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
Major owner of TELOS CORP just declared ownership of no shares of TELOS CORP - April 7, 2021