Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded on the Nasdaq Global Market under the symbol "TLS."
As of March 9, 2026, there were approximately 154 holders of record of Telos common stock, $0.001 par value. The number of shareholders of record of our common stock may not be representative of the number of beneficial owners due to shares that may be held by depositories, brokers or nominees.
For information regarding securities authorized for issuance under our stock-based compensation plan, see Note 1 1 – Stock-Based Compensation to the Consolidated Financial Statements contained in Item 8.
Sales of Equity Securities and Use of Proceeds
There were no sales of unregistered equity securities during the three months ended December 31, 2025, that were not registered under the Securities Act and were not previously disclosed on a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.
Purchases of Equity Securities
On May 24, 2022, the Board of Directors authorized a Share Repurchase Program ("SRP"), pursuant to which the Company can repurchase up to $50.0 million of issued and outstanding common stock. The shares may be repurchased on a discretionary basis from time to time through open market purchases. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time.
Common Stock Purchase Activity During the Three Months Ended December 31, 2025
Period Total Number of Shares Purchased (1)
Average Price Paid per Share (1)
Total Number of Shares Purchased as Part of Publicly Announced Repurchase Plans (1)
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans (1)
October 1, 2025 - October 31, 2025 — $ — — $ 31,076,558
November 1, 2025 - November 30, 2025 658,796 $ 5.81 658,796 $ 27,245,870
December 1, 2025 - December 31, 2025 377,261 $ 5.72 377,261 $ 25,088,723
Total 1,036,057 $ 5.78 1,036,057
(1) For the fourth quarter of 2025, the Company repurchased 1,036,057 shares of common stock under the program for an aggregate price of $6.0 million on the open market.
Item 6. [Reserved]
None
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