TELOS CORP
For the period ended Mar 31, 2026. Filed May 11, 2026.
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Mar 31, 2026 · Filed May 11, 2026
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. Share Repurchases
- SHARE REPURCHASES
On May 24, 2022, the Company announced that the Board of Directors ("Board") approved a new share repurchase program ("SRP") authorizing the Company to repurchase up to $50.0 million of its common stock. On March 12, 2026, the Board further authorized the Company to repurchase up to an additional $25.0 million of its common stock under its existing repurchase program. Pursuant to this authorization, the Company may repurchase shares of its common stock 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. As of March 31, 2026, there was approximately $47.9 million of the authorization remaining for future common stock repurchases under the SRP.
| Table 11: Share Repurchase Program Activity | ||
|---|---|---|
| For the Three Months Ended | ||
| March 31, 2026 | March 31, 2025 | |
| (in thousands, except per share and share data) | ||
| Amounts paid for shares repurchased (1) | $2,198 | $— |
| Number of shares repurchased | 517,136 | — |
| Average per share price paid (1) | $4.25 | $— |
(1) Includes commissions paid for repurchases on the open market.
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