Peter H. Woodward - Dec 13, 2024 Form 4 Insider Report for TSS, Inc. (TSSI)

Role
Director, 10%+ Owner
Signature
/s/ Christopher R. Johnson, Attorney-in-Fact
Stock symbol
TSSI
Transactions as of
Dec 13, 2024
Transactions value $
-$453,685
Form type
4
Date filed
12/17/2024, 08:35 PM
Previous filing
Nov 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSSI Common Stock Sale -$454K -50K -4.05% $9.07 1.18M Dec 13, 2024 Shares held through MHW Partners, L.P. F1, F2
holding TSSI Common Stock 1.21M Dec 13, 2024 Shares held through MHW SVP II, LLC F3, F4
holding TSSI Common Stock 15.6K Dec 13, 2024 Direct
holding TSSI Common Stock 25K Dec 13, 2024 Shares held through MHW Capital Management LLC F5
holding TSSI Common Stock 886K Dec 13, 2024 Shares subject to performance related fee F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.0000 to $9.1800, inclusive. The reporting person undertakes to provide to TSS, Inc., any security holder of TSS, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) of this Form 4.
F2 The shares are owned by MHW Partners, L.P. The reporting person is the General Partner of MHW Partners, L.P. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.
F3 In November 2024, MHW SVP II, LLC distributed 186,765 shares to members not affiliated with the reporting person. In prior reports, the reporting person disclaimed beneficial ownership of these shares.
F4 The shares are owned by MHW SPV II, LLC. The reporting person is the Manager of MHW SPV II, LLC. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.
F5 The shares are owned by MHW Capital Management, LLC. The reporting person is the principal of MHW Capital Management, LLC.
F6 The shares are owned by unaffiliated third persons, and the reporting person has a right to a performance-related fee upon the disposition of such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.