Form 4: TSS COO Sells Shares for Tax Obligations

TSS, Inc.'s Chief Operating Officer, Karl Todd Marrott, disposed of 12,175 shares of common stock to cover tax withholding on restricted stock awards.

Summary

• Karl Todd Marrott, Chief Operating Officer of TSS, Inc. (TSSI), reported a transaction involving the company's common stock.
• On January 16, 2026, Marrott disposed of 12,175 shares of common stock.
• The disposition was made to satisfy tax withholding obligations related to the vesting of restricted stock awards.
• The shares were valued at $12.05 per share for the purpose of this transaction.
• Following this transaction, Marrott beneficially owns 294,662 shares of TSS, Inc. common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction by an insider to cover tax obligations related to vested restricted stock awards. This type of transaction is neutral in terms of company performance or future outlook.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This transaction is a routine insider filing, common across all industries, where executives dispose of a portion of their vested equity awards to cover tax liabilities. It does not reflect a discretionary sale based on market sentiment or company performance, but rather a standard component of executive compensation plans involving restricted stock.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary sale for tax purposes and does not indicate a change in management's confidence or company fundamentals. The number of shares is relatively small compared to total outstanding shares.
• Employees: No direct impact.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by the Chief Operating Officer to cover tax liabilities associated with vested restricted stock awards. Such transactions are common and do not typically signal a change in the company's fundamental outlook or management's confidence. Therefore, it provides no new information that would warrant a change from a 'hold' recommendation.

Keywords

TSS Inc, TSSI, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation, Corporate Officer