Form 4: TSS Inc. COO Karl Todd Marrott Sells Shares in August Transactions

Chief Operating Officer of TSS, Inc., Karl Todd Marrott, reported selling shares of common stock in two transactions during August 2024.

Summary

• Karl Todd Marrott, the Chief Operating Officer of TSS, Inc. (TSSI), sold shares of the company's common stock on August 23 and August 26, 2024.
• On August 23, 2024, Marrott sold 40,000 shares at a weighted average price of $4.4359 per share.
• These shares were sold in multiple transactions with prices ranging from $4.25 to $4.55.
• Following this transaction, Marrott beneficially owned 145,175 shares.
• On August 26, 2024, Marrott sold an additional 23,850 shares at a weighted average price of $4.5783 per share.
• These shares were sold in multiple transactions with prices ranging from $4.45 to $4.76.
• After this second transaction, Marrott's beneficial ownership decreased to 121,325 shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard Form 4 filing reporting insider trading activity. The sales themselves don't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some investors, potentially leading to a slight decrease in stock price in the short term.

Key Dates