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

Role: President and CEO
Signature: /s/ Christopher R. Johnson, Attorney-in-Fact
Issuer symbol: TSSI
Transactions as of: 24 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Jan 2024, 16:53:50 UTC
Previous filing: 18 May 2023
Next filing: 05 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSSI	Common Stock	Award	$0	+200,000	+276%	$0.000000	272,500	24 Jan 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	+450,000		$0.000000	450,000	24 Jan 2024	Common Stock	450,000	$0.3100	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.