Dewan Darryll E 4

What Happened

• Darryll E. Dewan, CEO of TSS, Inc. (ticker: TSSI), surrendered 25,960 shares on Jan 29, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock awards. The shares were valued at $11.20 each, totaling approximately $290,752. This was a tax-withholding share surrender (not an open-market sale).

Key Details

• Transaction date: 2026-01-29; filing date (Form 4): 2026-02-02 (timely under Section 16 rules).
• Price per share: $11.20; shares surrendered/disposed: 25,960; total value: $290,752.
• Footnote: Shares were surrendered to the issuer to satisfy tax withholding on vested restricted stock awards.
• Shares owned after transaction: not specified in the provided filing summary.
• Transaction code: F — indicates shares were used to cover tax liabilities (routine), not a purchase or market sale.

Context

• This is a routine tax-withholding event common when restricted stock vests; surrendered shares are used to pay withholding rather than sold on the open market, so it generally should not be interpreted as a signal about the CEO’s market view.