Form 4: TSS CEO Darryll Dewan Sells 50,000 Shares

TSS, Inc. CEO Darryll E. Dewan sold 50,000 shares of common stock on April 22, 2026, pursuant to a Rule 10b5-1 trading plan.

Summary

• CEO Darryll E. Dewan sold 50,000 shares of TSS, Inc. common stock at a price of $16.00 per share.
• The transaction occurred on April 22, 2026.
• Following the sale, the CEO retains direct beneficial ownership of 504,471 shares.
• The CEO maintains an indirect interest in 5,000 shares held by his spouse.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and represents a routine divestment rather than an opportunistic exit.

Positives

• The sale was conducted via a pre-planned Rule 10b5-1 trading plan, which typically indicates the transaction is not based on non-public material information.

Negatives

• The sale represents a reduction in the CEO's direct equity stake in the company.

Risks

• Insider selling can sometimes be perceived negatively by the market as a signal of management's view on current valuation.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that insider sales executed under Rule 10b5-1 plans are standard corporate practice for liquidity and diversification, and generally do not reflect a change in management's outlook on the company's long-term prospects.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is a standard industry practice for executives to manage personal financial planning while maintaining compliance with SEC regulations.

Stakeholder Impact

• Shareholders should note the reduction in insider ownership, though the pre-planned nature of the sale mitigates concerns regarding potential negative sentiment.

Key Dates

Keywords

TSS, TSSI, Insider Trading, Form 4, Darryll Dewan, Stock Sale