Form 4: TUCOWS Director Noss Gifts 20,250 Shares

Elliot Noss, a Director and 10% Owner of TUCOWS INC, reported gifting 20,250 shares of common stock to a charitable organization.

Summary

• Elliot Noss, a Director and 10% Owner of TUCOWS INC, reported a disposition of 20,250 shares of common stock.
• The transaction occurred on December 24, 2025, and was a bona fide gift to a charitable organization.
• The shares were disposed of at a price of $0.
• Following the transaction, Mr. Noss directly beneficially owns 423,048 shares of common stock.
• He also indirectly beneficially owns 114,670 shares via an EN RRSP, 1,639 shares via an EN TFSA, and 6,000 shares via an EN US Retirement Savings Account.
• An additional 2,470 shares are indirectly owned by his spouse, for which Mr. Noss disclaims beneficial ownership.

Sentiment

Score: 5

Explanation: Neutral. A Form 4 reporting a charitable gift is a routine insider transaction and does not inherently indicate positive or negative sentiment about the company's performance or future prospects.

Positives

• The transaction represents a charitable contribution, which can reflect positively on the insider's philanthropic activities.

Negatives

• A reduction in direct beneficial ownership by a key insider, although for a charitable purpose.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transaction involves a director and 10% owner of the company, which is considered an insider transaction.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the overall beneficial ownership remains substantial. Unlikely to have a significant impact on share price or investor confidence given the nature of the transaction (gift).
• Charitable Organization: Receives a donation of 20,250 shares.

Key Dates

Keywords

TUCOWS, TCX, Elliot Noss, Form 4, insider transaction, stock gift, beneficial ownership, director, 10% owner, common stock