Form 4: TSS Inc. Executive Karl Todd Marrott Reports Stock Transactions

Chief Operating Officer of TSS, Inc., Karl Todd Marrott, reports the gifting of 2,500 common stock shares.

Summary

• Karl Todd Marrott, the Chief Operating Officer of TSS, Inc., has reported two transactions involving the company's common stock.
• On December 5, 2024, Mr. Marrott gifted 1,000 shares of common stock.
• On December 9, 2024, Mr. Marrott gifted an additional 1,500 shares of common stock.
• Both transactions were reported as gifts, with a price of $0 per share.
• Following these transactions, Mr. Marrott's direct ownership of TSS, Inc. common stock decreased from 85,000 to 83,500 shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive. It does not contain any information that would be considered positive or negative from an investment perspective.

Industry Context

This is a routine SEC Form 4 filing, which is standard for corporate insiders reporting changes in their beneficial ownership of company stock. These filings are common and provide transparency into the trading activities of company executives.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The reporting of stock gifts by executives is a common occurrence and is not unusual.
• The level of detail provided in this filing is consistent with SEC requirements for Form 4 filings.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect a small change in the ownership of the company's stock by a key executive.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

TSS Inc, Karl Todd Marrott, stock transaction, common stock, insider trading, SEC Form 4, share gifting