Telos Corp’s CFO, Gary Mark Bendza, sold 200,000 shares on Sept. 9, 2026 at $4.55 per share, for a total of about $910,000. Because the seller is the EVP and chief financial officer, the trade draws attention: CFOs are closely involved with budgeting, financial reporting, and visibility into near-term business conditions, so investors often watch their transactions more closely than those of many other executives. That said, an insider sale by itself is usually a weaker signal than an insider purchase. Executives sell for many reasons that don’t necessarily reflect their view of the company, such as taxes, diversification, or personal liquidity needs. This transaction also was not reported as being made under a pre-scheduled 10b5-1 trading plan, which can make a sale look less routine because it wasn’t set up in advance to reduce timing questions. Over the past 30 days, the only disclosed insider trade at TLS is this sale by Bendza. While your note mentions a broader pattern of selling by multiple insiders, the recent filings provided here show just this single transaction in the last month, so investors may want to review a longer window of insider filings for clearer context.