DANIEL M. CHISM - 07 Jun 2024 Form 4 Insider Report for TSS, Inc. (TSSI)

Role
Chief Financial Officer
Signature
/s/ Christopher R. Johnson, Attorney-in-Fact
Issuer symbol
TSSI
Transactions as of
07 Jun 2024
Net transactions value
$0
Form type
4
Filing time
11 Jun 2024, 20:39:45 UTC
Next filing
21 Jan 2025
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 +125,000 $0.000000 125,000 07 Jun 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 Options Exercise $0 +125,000 $0.000000 125,000 07 Jun 2024 Common Stock 125,000 $1.72 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. Chism and the Issuer and are subject to forfeiture. The restricted stock awarded will vest in installments as follows: (1) 62,500 shares will vest on June 7, 2025, and (2) 62,500 shares will vest on June 7, 2026.
F2 The option becomes exercisable and may be exercised in installments as follows: (1) 41,667 shares will vest on June 7, 2025, (2) 41,667 shares will vest on June 7, 2026, and (3) 41,666 shares will vest on June 7, 2027.