Form 4: TSS CEO Darryll Dewan Reports Tax Withholding Share Disposition

TSS Inc. CEO Darryll Dewan reported the disposition of 25,960 common shares to cover tax obligations related to restricted stock vesting.

Summary

• Darryll E. Dewan, Chief Executive Officer and Director of TSS, Inc., reported a transaction on January 29, 2026.
• The transaction involved the disposition of 25,960 shares of Common Stock.
• These shares were surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock awards.
• The price per share for the disposition was $11.2.
• Following this transaction, Darryll E. Dewan directly beneficially owns 599,471 shares of Common Stock.
• Additionally, 5,000 shares are indirectly beneficially owned by a spouse.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is for tax withholding purposes related to restricted stock vesting, which is a routine administrative action for insiders and does not reflect a discretionary sale or a change in company fundamentals.

Future Outlook

This filing is a report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for public company insiders, detailing changes in their beneficial ownership. This specific transaction, an 'F' code disposition, is a common administrative event where shares are withheld to cover tax liabilities upon the vesting of equity awards, rather than a discretionary sale reflecting a change in investment sentiment.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine compliance filing for tax withholding and does not indicate a change in company strategy or performance.

Key Dates

Keywords

TSS Inc., TSSI, Darryll E. Dewan, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Common Stock