Daniel M. Chism - 16 Jan 2025 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
16 Jan 2025
Net transactions value
-$94,627
Form type
4
Filing time
21 Jan 2025, 21:15:33 UTC
Previous filing
11 Jun 2024
Next filing
10 Jun 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 +80,000 +64% $0.000000 205,000 16 Jan 2025 Direct F1
transaction TSSI Common Stock Tax liability $94,627 -8,026 -3.9% $11.79 196,974 16 Jan 2025 Direct F2
transaction TSSI Common Stock Award $0 +150,000 +76% $0.000000 346,974 16 Jan 2025 Direct F3
* 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 previously granted to Mr. Chism that were subject to financial performance vesting criteria that has been achieved. The restricted stock vests in installments as follows assuming Mr. Chism remains employed through the vesting date: (1) 30,000 of the shares vested on the grant date, and (2) 50,000 of the shares will vest on January 1, 2026, and are subject to forfeiture.
F2 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of the restricted stock described in footnote (1) herein.
F3 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) 50,000 shares will vest on January 16, 2026, and (2) 50,000 shares will vest on January 16, 2027, and (3) 50,000 shares will vest on January 16, 2028.