Darryll E. Dewan - Jan 24, 2024 Form 4 Insider Report for TSS, Inc. (TSSI)

Role
President and CEO
Signature
/s/ Christopher R. Johnson, Attorney-in-Fact
Stock symbol
TSSI
Transactions as of
Jan 24, 2024
Transactions value $
$0
Form type
4
Date filed
1/26/2024, 04:53 PM
Previous filing
May 18, 2023
Next filing
Apr 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSSI Common Stock Award $0 +200K +275.86% $0.00 273K Jan 24, 2024 Direct F1

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 +450K $0.00 450K Jan 24, 2024 Common Stock 450K $0.31 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock represent restricted stock granted pursuant to an award agreement between Mr. Dewan and the Issuer and are subject to forfeiture. The restricted stock awarded will vest in installments as follows: (1) 100,000 shares will vest on January 24, 2025, and (2) 100,000 shares will vest on January 24, 2026.
F2 The option becomes exercisable and may be exercised in installments as follows: (1) 100,000 shares will vest on January 24, 2025, (2) 150,000 shares will vest on January 24, 2026, (3) 150,000 shares will vest on January 24, 2027, and (4) 50,000 shares will vest on January 24, 2028.