0000320121 2025-01-01 2025-12-31 0000320121 2024-01-01 2024-12-31 0000320121 2023-01-01 2023-12-31 0000320121 2022-01-01 2022-12-31 0000320121 2021-01-01 2021-12-31 0000320121 tls:OneTimeEquityAwardMember ecd:NonPeoNeoMember tls:MarkGriffinMember 2021-01-01 2021-12-31 0000320121 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 ecd:AggtPnsnAdjsSvcCstMember ecd:PeoMember 2025-01-01 2025-12-31 0000320121 ecd:AggtPnsnAdjsSvcCstMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000320121 1 2025-01-01 2025-12-31 0000320121 2 2025-01-01 2025-12-31 0000320121 3 2025-01-01 2025-12-31 iso4217:USD TELOS CORPORATION true <div class="BRDSX_h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="text-decoration:underline">Statement Concerning the Timing of Stock Option Grants</span> </div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: justify;">Our 2016 LTIP provides the Compensation Committee with the discretion to issue stock options, but the Company does not have a policy concerning the timing of stock option grants. The 2016 LTIP does prohibit the back-dating of options. The Company did not issue any stock options in 2025, and has no specific practice concerning the timing thereof; however, the Company does not time the disclosure of material nonpublic information to affect the value of executive compensation. </div> Our 2016 LTIP provides the Compensation Committee with the discretion to issue stock options, but the Company does not have a policy concerning the timing of stock option grants. The 2016 LTIP does prohibit the back-dating of options. The Company did not issue any stock options in 2025, and has no specific practice concerning the timing thereof; however, the Company does not time the disclosure of material nonpublic information to affect the value of executive compensation. false <div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 6.75pt; margin-left: 0pt; text-align: left;">Pay Versus Performance<span style="font-weight: normal;"> </span></div><table cellpadding="0" class="BRDSX_fintab" style="margin-top: 3pt; width: 470.19pt; margin-left: auto; margin-right: auto; border-spacing: 0px;"><tr class="BRDSX_boxspacer"><td style="height: 6pt; width: 32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 50.38pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 49.32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 50.38pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 49.32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td colspan="4" style="height: 6pt; width: 94.99pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 50.12pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 51.69pt;"><div style="font-size: 1pt;"> </div></td></tr><tr class="BRDSX_header"><td style="width: 32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 50.38pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Summary <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Table Total for <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO⁽¹⁾ </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 49.32pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Actually <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Paid to <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO⁽²⁾ </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 50.38pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Summary <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Table Total for <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Non-PEO <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Named <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Executive <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Officers⁽³⁾ </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 49.32pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Actually Paid <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">to Non-PEO <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Named <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Executive <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Officers⁽⁴⁾ </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td colspan="4" style="width: 94.99pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value of Initial Fixed $100 <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Investment Based on:</div></td><td style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 50.12pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Net Income</div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td rowspan="2" style="width: 51.69pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Revenue </div></td></tr><tr class="BRDSX_header"><td style="width: 32pt; padding-top: 2.08pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Year</div></td><td style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 2.08pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shareholder <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Return</div></td><td style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.92pt; padding-top: 2.08pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Peer Group⁽⁵⁾ <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shareholder <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Return</div></td><td style="width: 3pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td></tr><tr><td style="width: 32pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2025</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.69pt; text-align: left;">$<span style="padding-left: 4.7pt;">2,848,275</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.16pt; text-align: left;">$14,066,083</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 4.04pt; text-align: left;">$1,127,793</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 3.51pt; text-align: left;">$4,384,842</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8.11pt; text-align: left;">$15.46</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.92pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 10.54pt; text-align: left;">$83.70</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.12pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(36,546,000)</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 51.69pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$164,805,000 </div></td></tr><tr><td style="width: 32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2024</div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.69pt; text-align: left;"><span style="padding-left: 4.7pt;">18,082,345</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.16pt; text-align: left;"><span style="padding-left: 9.4pt;">7,805,464</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 4.04pt; text-align: left;"><span style="padding-left: 4.7pt;">5,688,559</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 3.51pt; text-align: left;"><span style="padding-left: 4.7pt;">3,023,164</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8.11pt; text-align: left;"><span style="padding-left: 4.7pt;">10.37</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.92pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 10.54pt; text-align: left;"><span style="padding-left: 4.7pt;">91.86</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.12pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">(52,520,000)</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 51.69pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">108,272,000 </span></div></td></tr><tr><td style="width: 32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2023</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.69pt; text-align: left;"><span style="padding-left: 9.4pt;">1,249,826</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.16pt; text-align: left;"><span style="padding-left: 18.02pt;">(12,929)</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 4.04pt; text-align: left;"><span style="padding-left: 4.7pt;">1,009,950</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 3.51pt; text-align: left;"><span style="padding-left: 11.75pt;">622,506</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8.11pt; text-align: left;"><span style="padding-left: 5.05pt;">11.07</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.92pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 10.54pt; text-align: left;"><span style="padding-left: 4.7pt;">70.88</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.12pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">(34,473,000)</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 51.69pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">145,378,000 </span></div></td></tr><tr><td style="width: 32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2022</div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.69pt; text-align: left;"><span style="padding-left: 4.7pt;">10,727,344</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.16pt; text-align: left;"><span style="padding-left: 9.4pt;">2,383,319</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 4.04pt; text-align: left;"><span style="padding-left: 4.7pt;">4,645,884</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 3.51pt; text-align: left;"><span style="padding-left: 11.75pt;">605,348</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8.11pt; text-align: left;"><span style="padding-left: 4.7pt;">15.43</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.92pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 10.54pt; text-align: left;"><span style="padding-left: 4.7pt;">71.65</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.12pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">(53,428,000)</span></div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 51.69pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">216,887,000 </span></div></td></tr><tr><td style="width: 32pt; padding-top: 0.58pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2021</div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.69pt; text-align: left;"><span style="padding-left: 4.7pt;">12,197,174</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 1.16pt; text-align: left;"><span style="padding-left: 9.4pt;">5,857,632</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.38pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 4.04pt; text-align: left;"><span style="padding-left: 4.7pt;">8,744,031</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 3.51pt; text-align: left;"><span style="padding-left: 4.7pt;">4,489,920</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8.11pt; text-align: left;"><span style="padding-left: 4.7pt;">46.76</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.92pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 10.54pt; text-align: left;"><span style="padding-left: 4.7pt;">95.82</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 50.12pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">(43,134,000)</span></div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 3pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 51.69pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">242,433,000</span></div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;">The Principal Executive Officer (PEO) for the reporting periods is Mr. John B. Wood, Chairman and Chief Executive Officer. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(2)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The calculations for compensation actually paid (for both PEO and NEOs) are set forth below the footnotes to this table. The year-end fair value of certain equity awards subject to performance conditions granted in a prior year and outstanding and unvested at the end of the year contained a materially different assumption regarding the probability (as of year-end) of meeting the performance conditions. On December 31, 2024, the Company assumed it was not probable that the conditions would be met. During the following fiscal year the performance conditions were amended, and on December 31, 2025, the assumption had changed to probable. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(3)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The Named Executive Officers (NEOs), other than the PEO, for 2025 and 2024 were Messrs. Bendza, Griffin, Robbins, and Cooke. For 2023, the NEOs were Messrs. Bendza, Griffin, and Robbins. For 2022, the NEOs were: Messrs. Bendza, Robbins, Griffin and Brendan Malloy. For 2021, the NEOs were: Messrs. Bendza, Malloy, Griffin, Edward Williams, Jefferson Wright, and Ms. Michele Nakazawa. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(4)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">Average compensation actually paid to non-PEO NEOs in 2021 and 2022 is significantly impacted by a one-time equity award to Mark Griffin in 2021, valued at $29 million at the time of grant. Mr. Griffin’s award was granted to reflect his role in the creation of value in Telos ID as reflected in its purchase price in connection with our IPO, and to align his compensation with similarly-situated Company executives. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(5)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">For 2025, the Peer Group consists of: Red Violet, Inc.; Domo, Inc.; Digimarc Corp.; Agilysys, Inc.; Mitek Systems, Inc.; OneSpan, Inc.; SoundThinking, Inc.; A10 Networks, Inc.; Veritone, Inc.; Crexendo, Inc.; eGain Corp.; and Synchronoss Technologies, Inc. For 2024, the Peer Group consisted of Agilysys, Inc., A10 Networks, Inc., Qualys, Inc., Tenable Holdings, Inc., Varonis Systems, Inc., OneSpan, Inc., Mitek Systems, Inc., PagerDuty, Inc., Rapid7, Inc., LiveRamp Holdings, Inc., and Veritone, Inc. The Total Shareholder Return, by year, for the 2024 Proxy Peers was: 2021 - $99.52; 2022 - $62.48; 2023 - $86.80; 2024 - $77.73; and 2025 - $61.11. At page 23 of this Proxy Statement, we discuss the changes made to our compensation peer group and the rationale therefore, and incorporate that discussion herein. In addition, one company that was included in the peer group for TSR calculation in the prior fiscal year (PROS Holdings, Inc.) was not included in the 2024 Proxy Peers because it is no longer a public company and therefore was not included as a result of the application of pre-established objective criteria (the requirement to be a publicly-traded company). Two companies that were compensation peers in 2025 (PROS Holdings, Inc. and Couchbase, Inc.) were not used to calculate TSR for the same reason, and a third (Backblaze, Inc.) was not used to calculate TSR because it was not a public company and did not meet the pre-established objective criteria for the full fiscal years 2021-2025. </div></td></tr></table><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: justify;">Compensation actually paid or “CAP” is an amount calculated in accordance with applicable SEC rules and does not necessarily correlate to the total amount of cash or equity compensation that the executive actually realized or was paid during any fiscal year. The CAP is a calculation that includes, for example, the increase (or decrease) in value of certain elements of compensation (<span style="font-style: italic;">i.e.</span>, equity compensation) over the fiscal year, even if granted in a prior year. The amounts that the executive will ultimately receive with respect to these types of compensation (<span style="font-style: italic;">i.e.</span>, when and if the equity awards vest) are likely to be different from the amounts disclosed in this Pay versus Performance disclosure. </div><table cellpadding="0" class="BRDSX_fintab" style="margin-top: 3pt; width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0px;"><tr class="BRDSX_boxspacer"><td style="height: 6pt; width: 336pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 46.99pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 52.66pt;"><div style="font-size: 1pt;"> </div></td></tr><tr class="BRDSX_header"><td style="width: 336pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO</div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Non-PEO NEO </div></td></tr><tr class="BRDSX_header"><td style="width: 336pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025 </div></td></tr><tr><td style="width: 336pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Summary Compensation Table Total</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 4.7pt;">2,848,275</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;">$1,127,793 </div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Reported Value of Equity Awards</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.27pt;">(2,200,075)</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 8.62pt;">(733,358) </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Year End Fair Value of Equity Awards Granted during the Year that are Outstanding and Unvested at End of Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">4,240,393</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">1,413,464 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Change in Fair Value of Equity Awards Granted in Prior Years that are Outstanding and Unvested at End of Year</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">5,200,680</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">1,745,469 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">3,976,810</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 11.75pt;">831,473 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Covered Fiscal Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total Equity Award Adjustments</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5.05pt;">11,217,809 </span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">3,257,049 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Reported Change in the Actuarial Present Value of Pension Benefits</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Pension Benefit Adjustments</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Compensation Actually Paid</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">14,066,083 </span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">4,384,842</span></div></td></tr><tr class="BRDSX_boxspacer"><td style="height: 2.85pt; width: 336pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 46.99pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 52.66pt;"><div style="font-size: 1pt;"> </div></td></tr></table> 2848275 14066083 1127793 4384842 15.46 83.7 -36546000 164805000 18082345 7805464 5688559 3023164 10.37 91.86 -52520000 108272000 1249826 -12929 1009950 622506 11.07 70.88 -34473000 145378000 10727344 2383319 4645884 605348 15.43 71.65 -53428000 216887000 12197174 5857632 8744031 4489920 46.76 95.82 -43134000 242433000 <table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;">The Principal Executive Officer (PEO) for the reporting periods is Mr. John B. Wood, Chairman and Chief Executive Officer. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(3)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The Named Executive Officers (NEOs), other than the PEO, for 2025 and 2024 were Messrs. Bendza, Griffin, Robbins, and Cooke. For 2023, the NEOs were Messrs. Bendza, Griffin, and Robbins. For 2022, the NEOs were: Messrs. Bendza, Robbins, Griffin and Brendan Malloy. For 2021, the NEOs were: Messrs. Bendza, Malloy, Griffin, Edward Williams, Jefferson Wright, and Ms. Michele Nakazawa. </div></td></tr></table> Mr. John B. Wood Mr. John B. Wood Mr. John B. Wood Mr. John B. Wood Mr. John B. Wood 29000000 <table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(5)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">For 2025, the Peer Group consists of: Red Violet, Inc.; Domo, Inc.; Digimarc Corp.; Agilysys, Inc.; Mitek Systems, Inc.; OneSpan, Inc.; SoundThinking, Inc.; A10 Networks, Inc.; Veritone, Inc.; Crexendo, Inc.; eGain Corp.; and Synchronoss Technologies, Inc. For 2024, the Peer Group consisted of Agilysys, Inc., A10 Networks, Inc., Qualys, Inc., Tenable Holdings, Inc., Varonis Systems, Inc., OneSpan, Inc., Mitek Systems, Inc., PagerDuty, Inc., Rapid7, Inc., LiveRamp Holdings, Inc., and Veritone, Inc. The Total Shareholder Return, by year, for the 2024 Proxy Peers was: 2021 - $99.52; 2022 - $62.48; 2023 - $86.80; 2024 - $77.73; and 2025 - $61.11. At page 23 of this Proxy Statement, we discuss the changes made to our compensation peer group and the rationale therefore, and incorporate that discussion herein. In addition, one company that was included in the peer group for TSR calculation in the prior fiscal year (PROS Holdings, Inc.) was not included in the 2024 Proxy Peers because it is no longer a public company and therefore was not included as a result of the application of pre-established objective criteria (the requirement to be a publicly-traded company). Two companies that were compensation peers in 2025 (PROS Holdings, Inc. and Couchbase, Inc.) were not used to calculate TSR for the same reason, and a third (Backblaze, Inc.) was not used to calculate TSR because it was not a public company and did not meet the pre-established objective criteria for the full fiscal years 2021-2025. </div></td></tr></table> <table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(5)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">For 2025, the Peer Group consists of: Red Violet, Inc.; Domo, Inc.; Digimarc Corp.; Agilysys, Inc.; Mitek Systems, Inc.; OneSpan, Inc.; SoundThinking, Inc.; A10 Networks, Inc.; Veritone, Inc.; Crexendo, Inc.; eGain Corp.; and Synchronoss Technologies, Inc. For 2024, the Peer Group consisted of Agilysys, Inc., A10 Networks, Inc., Qualys, Inc., Tenable Holdings, Inc., Varonis Systems, Inc., OneSpan, Inc., Mitek Systems, Inc., PagerDuty, Inc., Rapid7, Inc., LiveRamp Holdings, Inc., and Veritone, Inc. The Total Shareholder Return, by year, for the 2024 Proxy Peers was: 2021 - $99.52; 2022 - $62.48; 2023 - $86.80; 2024 - $77.73; and 2025 - $61.11. At page 23 of this Proxy Statement, we discuss the changes made to our compensation peer group and the rationale therefore, and incorporate that discussion herein. In addition, one company that was included in the peer group for TSR calculation in the prior fiscal year (PROS Holdings, Inc.) was not included in the 2024 Proxy Peers because it is no longer a public company and therefore was not included as a result of the application of pre-established objective criteria (the requirement to be a publicly-traded company). Two companies that were compensation peers in 2025 (PROS Holdings, Inc. and Couchbase, Inc.) were not used to calculate TSR for the same reason, and a third (Backblaze, Inc.) was not used to calculate TSR because it was not a public company and did not meet the pre-established objective criteria for the full fiscal years 2021-2025. </div></td></tr></table> 99.52 62.48 86.8 77.73 61.11 <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: justify;">Compensation actually paid or “CAP” is an amount calculated in accordance with applicable SEC rules and does not necessarily correlate to the total amount of cash or equity compensation that the executive actually realized or was paid during any fiscal year. The CAP is a calculation that includes, for example, the increase (or decrease) in value of certain elements of compensation (<span style="font-style: italic;">i.e.</span>, equity compensation) over the fiscal year, even if granted in a prior year. The amounts that the executive will ultimately receive with respect to these types of compensation (<span style="font-style: italic;">i.e.</span>, when and if the equity awards vest) are likely to be different from the amounts disclosed in this Pay versus Performance disclosure. </div><table cellpadding="0" class="BRDSX_fintab" style="margin-top: 3pt; width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0px;"><tr class="BRDSX_boxspacer"><td style="height: 6pt; width: 336pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 46.99pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 52.66pt;"><div style="font-size: 1pt;"> </div></td></tr><tr class="BRDSX_header"><td style="width: 336pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO</div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Non-PEO NEO </div></td></tr><tr class="BRDSX_header"><td style="width: 336pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025 </div></td></tr><tr><td style="width: 336pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Summary Compensation Table Total</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 4.7pt;">2,848,275</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;">$1,127,793 </div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Reported Value of Equity Awards</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.27pt;">(2,200,075)</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 8.62pt;">(733,358) </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Year End Fair Value of Equity Awards Granted during the Year that are Outstanding and Unvested at End of Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">4,240,393</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">1,413,464 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Change in Fair Value of Equity Awards Granted in Prior Years that are Outstanding and Unvested at End of Year</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">5,200,680</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">1,745,469 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">3,976,810</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 11.75pt;">831,473 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Covered Fiscal Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total Equity Award Adjustments</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5.05pt;">11,217,809 </span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">3,257,049 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Reported Change in the Actuarial Present Value of Pension Benefits</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Pension Benefit Adjustments</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Compensation Actually Paid</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">14,066,083 </span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">4,384,842</span></div></td></tr><tr class="BRDSX_boxspacer"><td style="height: 2.85pt; width: 336pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 46.99pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 52.66pt;"><div style="font-size: 1pt;"> </div></td></tr></table> <div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: justify;">Compensation actually paid or “CAP” is an amount calculated in accordance with applicable SEC rules and does not necessarily correlate to the total amount of cash or equity compensation that the executive actually realized or was paid during any fiscal year. The CAP is a calculation that includes, for example, the increase (or decrease) in value of certain elements of compensation (<span style="font-style: italic;">i.e.</span>, equity compensation) over the fiscal year, even if granted in a prior year. The amounts that the executive will ultimately receive with respect to these types of compensation (<span style="font-style: italic;">i.e.</span>, when and if the equity awards vest) are likely to be different from the amounts disclosed in this Pay versus Performance disclosure. </div><table cellpadding="0" class="BRDSX_fintab" style="margin-top: 3pt; width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0px;"><tr class="BRDSX_boxspacer"><td style="height: 6pt; width: 336pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 46.99pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 52.66pt;"><div style="font-size: 1pt;"> </div></td></tr><tr class="BRDSX_header"><td style="width: 336pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO</div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Non-PEO NEO </div></td></tr><tr class="BRDSX_header"><td style="width: 336pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025</div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 1.58pt; padding-bottom: 1.88pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">2025 </div></td></tr><tr><td style="width: 336pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Summary Compensation Table Total</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 4.7pt;">2,848,275</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 1.53pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;">$1,127,793 </div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Reported Value of Equity Awards</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.27pt;">(2,200,075)</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 8.62pt;">(733,358) </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Year End Fair Value of Equity Awards Granted during the Year that are Outstanding and Unvested at End of Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">4,240,393</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">1,413,464 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Change in Fair Value of Equity Awards Granted in Prior Years that are Outstanding and Unvested at End of Year</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">5,200,680</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">1,745,469 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 9.4pt;">3,976,810</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 11.75pt;">831,473 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Covered Fiscal Year</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 8pt; text-indent: -8pt; text-align: left;">Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Total Equity Award Adjustments</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5.05pt;">11,217,809 </span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">3,257,049 </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Reported Change in the Actuarial Present Value of Pension Benefits</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Pension Benefit Adjustments</div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 37.59pt;">—</span></div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; padding-bottom: 0.93pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 32.89pt;">— </span></div></td></tr><tr><td style="width: 336pt; padding-top: 0.58pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">Compensation Actually Paid</div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 46.99pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 4.7pt;">14,066,083 </span></div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 52.66pt; padding-top: 0.58pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 9.4pt; margin-top: 0pt; margin-left: 5.19pt; text-align: left;"><span style="padding-left: 4.7pt;">4,384,842</span></div></td></tr><tr class="BRDSX_boxspacer"><td style="height: 2.85pt; width: 336pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 46.99pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 8.09pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.85pt; width: 52.66pt;"><div style="font-size: 1pt;"> </div></td></tr></table> 2848275 1127793 -2200075 -733358 4240393 1413464 5200680 1745469 0 0 3976810 831473 0 0 0 0 11217809 3257049 0 0 0 0 14066083 4384842 <img alt="" src="ny20059959x1_pvpchart01.jpg" style="height: 313px; width: 619px;"/> <img alt="" src="ny20059959x1_pvpchart01.jpg" style="height: 313px; width: 619px;"/> <img alt="" src="ny20059959x1_pvpchart02.jpg" style="height: 313px; width: 619px;"/> <img alt="" src="ny20059959x1_pvpchart03.jpg" style="height: 324px; width: 622px;"/> <div class="BRDSX_h1" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 44.5pt; text-align: center;">Most Important Financial Performance Measures for Linking Executive Pay to Company Performance<span style="font-weight: normal;"> </span></div><table border="0" cellpadding="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Total Revenue </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Adjusted EBITDA⁽¹⁾ </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 6pt; margin-left: 20pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">Stock Price </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">Both EBITDA and Adjusted EBITDA are supplemental measures of operating performance that are not made under GAAP and do not represent, and should not be considered as, an alternative to net loss as determined by GAAP. We define EBITDA as net (loss) income attributable to Telos, adjusted for net (loss) income attributable to non-controlling interest, non-operating (income) expense, interest expense, provision for (benefit from) income taxes, and depreciation and amortization. We define Adjusted EBITDA as net income (loss), adjusted for non-operating expense/(income), interest expense, provision for/(benefit from) income taxes, depreciation and amortization, restructuring expenses and stock-based compensation expense. Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Non-GAAP Financial Measures”, beginning on page 34 of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2025, provides information about these measures and how they are calculated and is incorporated by reference herein. </div></td></tr></table><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: justify;">In the Company’s opinion, Total Revenue is the single most important financial performance measure for linking executive pay to company performance, and is therefore the company-selected measure in the Pay versus Performance table above. </div> Total Revenue Adjusted EBITDA Stock Price <table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">Both EBITDA and Adjusted EBITDA are supplemental measures of operating performance that are not made under GAAP and do not represent, and should not be considered as, an alternative to net loss as determined by GAAP. We define EBITDA as net (loss) income attributable to Telos, adjusted for net (loss) income attributable to non-controlling interest, non-operating (income) expense, interest expense, provision for (benefit from) income taxes, and depreciation and amortization. We define Adjusted EBITDA as net income (loss), adjusted for non-operating expense/(income), interest expense, provision for/(benefit from) income taxes, depreciation and amortization, restructuring expenses and stock-based compensation expense. Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Non-GAAP Financial Measures”, beginning on page 34 of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2025, provides information about these measures and how they are calculated and is incorporated by reference herein. </div></td></tr></table> Total Revenue DEF 14A 0000320121 false