Form 4: TSS CFO Daniel Chism Sells 25,000 Shares

TSS, Inc. Chief Financial Officer Daniel M. Chism sold 25,000 shares of common stock at $15 per share via a 10b5-1 plan.

Summary

• Daniel M. Chism, Chief Financial Officer of TSS, Inc., executed a sale of 25,000 shares of common stock.
• The transaction occurred on April 14, 2026, at a price of $15.00 per share.
• Following the sale, the reporting person retains beneficial ownership of 338,215 shares.
• The sale was conducted 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 conducted through a pre-planned 10b5-1 arrangement, which is a routine administrative action for corporate officers.

Positives

• The transaction was executed under a pre-established Rule 10b5-1 trading plan, which typically indicates the sale was planned in advance for personal financial management rather than based on non-public information.

Negatives

• The sale represents a reduction in the equity stake held by a key member of the executive management team.

Risks

• Insider selling can sometimes be perceived negatively by the market, potentially impacting short-term investor sentiment.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider sales executed via 10b5-1 plans are standard corporate practice for executives to diversify their personal portfolios while maintaining compliance with securities laws.

Comparison to Industry Standards

• The use of a 10b5-1 plan is the industry standard for executives to sell shares to avoid allegations of insider trading.
• The volume of shares sold relative to the total holdings is consistent with typical executive diversification strategies.

Stakeholder Impact

• Shareholders should note the reduction in insider ownership, though the use of a 10b5-1 plan mitigates concerns regarding potential negative sentiment.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

TSS, TSSI, Insider Trading, Form 4, CFO, Stock Sale