Karl Todd Marrott - 16 Jan 2025 Form 4 Insider Report for TSS, Inc. (TSSI)

Role: Chief Operating Officer
Signature: /s/ Christopher R. Johnson, Attorney-in-Fact
Issuer symbol: TSSI
Transactions as of: 16 Jan 2025
Net transactions value: $0
Form type: 4
Filing time: 21 Jan 2025, 21:15:41 UTC
Previous filing: 09 Dec 2024
Next filing: 29 Aug 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	+100,000	+120%	$0.000000	183,500	16 Jan 2025	Direct	F1
transaction	TSSI	Common Stock	Award	$0	+150,000	+82%	$0.000000	333,500	16 Jan 2025	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 previously granted to Mr. Marrott that were subject to financial performance vesting criteria that has been achieved. The restricted stock vests in installments as follows assuming Mr. Marrott remains employed through the vesting date: (1) 50,000 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	These shares of common stock represent restricted stock granted pursuant to an award agreement between Mr. Marrott and the Issuer and are subject to forfeiture. The restricted stock award vests in installments as follows: (1) 50,000 shares will vest on January 16, 2026, (2) 50,000 shares will vest on January 16, 2027, and (3) 50,000 shares will vest on January 16, 2028.

Content

These shares of common stock represent restricted stock previously granted to Mr. Marrott that were subject to financial performance vesting criteria that has been achieved. The restricted stock vests in installments as follows assuming Mr. Marrott remains employed through the vesting date: (1) 50,000 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.

These shares of common stock represent restricted stock granted pursuant to an award agreement between Mr. Marrott and the Issuer and are subject to forfeiture. The restricted stock award vests in installments as follows: (1) 50,000 shares will vest on January 16, 2026, (2) 50,000 shares will vest on January 16, 2027, and (3) 50,000 shares will vest on January 16, 2028.