Form 4: TSS Inc. COO Karl Todd Marrott Reports Stock Option Exercise and Tax Withholding
SEC Form 4 Filing
Chief Operating Officer of TSS, Inc., Karl Todd Marrott, reports exercising stock options and disposing of shares for tax withholding purposes on November 2, 2024.
Summary
- On November 2, 2024, Karl Todd Marrott, the Chief Operating Officer of TSS, Inc., exercised employee stock options, acquiring 66,666 shares of common stock at a price of $0.60 per share.
- Following the exercise, Marrott disposed of 20,064 shares of common stock at a price of $7.90 per share to cover tax obligations.
- After these transactions, Marrott directly owns 212,368 shares of TSS, Inc. common stock and 66,668 employee stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects standard insider transactions related to stock options and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- Shareholders may view this information to understand insider activity and management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 11/02/2024 | Date of stock option exercise and share disposal |
| 11/02/2032 | Expiration date of employee stock options |
| 11/05/2024 | Date of signature on the Form 4 filing |
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