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

Role
President and CEO, Director
Signature
/s/ Christopher R. Johnson, Attorney-in-Fact
Stock symbol
TSSI
Transactions as of
Nov 14, 2022
Transactions value $
$0
Form type
4
Date filed
11/23/2022, 12:16 PM
Next filing
May 18, 2023

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 +1.25M $0.00 1.25M Nov 14, 2022 Common Stock 1.25M $0.62 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.