Daniel M. Chism - Jun 7, 2024 Form 4 Insider Report for TSS, Inc. (TSSI)

Role: Chief Financial Officer
Signature: /s/ Christopher R. Johnson, Attorney-in-Fact
Stock symbol: TSSI
Transactions as of: Jun 7, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/11/2024, 08:39 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSSI	Common Stock	Award	$0	+125K		$0.00	125K	Jun 7, 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	+125K		$0.00	125K	Jun 7, 2024	Common Stock	125K	$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.