Wood John B → TELOS CORP TLS

The Reporting Person acquired the shares of Common Stock reported herein (a) from time to time through the Issuer's equity incentive plans, including the grant and vesting of restricted stock units, exercise of stock options, and other equity-based awards pursuant to the Telos Corporation 2016 Omnibus Long-Term Incentive Plan (as amended from time to time, the "2016 LTIP") and predecessor equity plans of the Issuer, and (b) through open market purchases of shares of Common Stock. The Reporting Person acquired and holds the shares of Common Stock in connection with his service as Chairman of the Board of Directors and Chief Executive Officer of the Issuer. In those capacities, and consistent with his duties as an executive officer and director, the Reporting Person participates in the management and strategic direction of the Issuer on an ongoing basis, including with respect to the matters described in Item 4(a) through (j) of Schedule 13D as they arise in the ordinary course of business. The Reporting Person did not acquire the shares of Common Stock reported herein for the purpose of, and the acquisitions did not have the effect of, changing or influencing control of the Issuer outside of his service in such capacities. Except as described above and as may arise from time to time in the ordinary course of the Reporting Person's service as Chairman and Chief Executive Officer of the Issuer, the Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions specified in Item 4(a) through (j) of Schedule 13D. Notwithstanding the foregoing, the Reporting Person may, from time to time, (i) acquire additional shares of Common Stock, including through future equity awards under the Issuer's equity incentive plans, the exercise of stock options, open market purchases, or otherwise, (ii) dispose of shares of Common Stock in open market transactions or otherwise, or (iii) formulate other purposes, plans, or proposals regarding the Issuer or its securities, in each case in light of the Reporting Person's evaluation of the Issuer's business, prospects, and financial condition, his duties as Chairman and Chief Executive Officer, general market and industry conditions, his personal financial circumstances (including tax and estate planning considerations), and other factors. Any such activities may be effected at any time and from time to time without prior notice. This Schedule 13D was required to be filed within ten calendar days following November 17, 2020, the date on which the Reporting Person's beneficial ownership of Common Stock first exceeded five percent of the outstanding shares of Common Stock registered under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering. This Schedule 13D was not filed within the required time period due to inadvertent administrative error. The Reporting Person is filing this Schedule 13D promptly upon discovery of the filing obligation. The late filing was not the result of any intent to evade the reporting requirements of Section 13(d) of the Exchange Act.