EVP of TELOS CORP just cashed-in 300,000 options

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 28, 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 spouse of the reporting person to the 2020 Denise Wright Family Irrevocable Trust, and the reporting person is the trustee and the sole beneficiary. The reporting person disclaims beneficial ownership of the securities and the filing of the report is not an admission that the reporting person is t he 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

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