Darryll E. Dewan - 14 Nov 2022 Form 4 Insider Report for TSS, Inc. (TSSI)

Role
President and CEO, Director
Signature
/s/ Christopher R. Johnson, Attorney-in-Fact
Issuer symbol
TSSI
Transactions as of
14 Nov 2022
Net transactions value
$0
Form type
4
Filing time
23 Nov 2022, 12:16:42 UTC
Next filing
18 May 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TSSI Employee Stock Option Award $0 +1,250,000 $0.000000 1,250,000 14 Nov 2022 Common Stock 1,250,000 $0.6200 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option becomes exercisable and may be exercised in installments as follows: (1) 416,666.66 shares on November 14, 2023, (2) 416,666.66 shares on November 14, 2024, and (3) 416,666.67 shares on November 14, 2025.