Form 4: TSS Inc. CFO Sells Shares for Tax Obligations

Daniel M. Chism, Chief Financial Officer of TSS, Inc., disposed of 12,175 shares of common stock at $12.05 per share to satisfy tax withholding obligations related to vested restricted stock awards.

Summary

• Daniel M. Chism, Chief Financial Officer of TSS, Inc. (TSSI), reported a transaction involving company common stock.
• On January 16, 2026, Mr. Chism disposed of 12,175 shares of TSSI common stock.
• The shares were surrendered to the Issuer at a price of $12.05 per share to satisfy tax withholding obligations.
• This transaction was in connection with the vesting of restricted stock awards.
• Following this transaction, Mr. Chism beneficially owns 358,824 shares of TSSI common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary event related to tax withholding on vested equity awards, which is neutral in terms of market sentiment.

Positives

• The transaction is a routine event related to the vesting of restricted stock awards, indicating the executive's compensation structure is functioning as planned.
• The disposition was for tax withholding purposes, not a discretionary sale, which is generally viewed neutrally by the market.

Negatives

• No inherent negatives as this is a routine tax-related transaction.

Risks

• No specific risks are disclosed in this Form 4 filing.

Future Outlook

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

Industry Context

Insider transactions, particularly those related to tax withholding upon the vesting of restricted stock, are common occurrences across all industries. They typically reflect pre-arranged compensation structures and are generally not indicative of management's sentiment towards the company's future performance, unlike discretionary sales.

Comparison to Industry Standards

• This type of transaction, where shares are surrendered to cover tax obligations upon the vesting of equity awards, is a standard practice in executive compensation across publicly traded companies.
• It aligns with common industry practices for managing equity-based compensation and tax liabilities, similar to what is observed at companies like Microsoft, Apple, or Google when their executives' restricted stock units vest.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or company fundamentals.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Keywords

TSS Inc., TSSI, Daniel M. Chism, CFO, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Equity Compensation, Rule 10b5-1