Dewan Darryll E 4
Research Summary
AI-generated summary
TSSI CEO Darryll E. Dewan Sells 50,000 Shares
What Happened
Darryll E. Dewan, CEO of TSS, Inc. (ticker: TSSI), sold 50,000 shares on April 14, 2026, at $15.00 per share, for proceeds of $750,000. The Form 4 filing (filed April 16, 2026) indicates the sale was executed pursuant to a Rule 10b5-1 trading plan.
Key Details
- Transaction date and terms: April 14, 2026 — 50,000 shares sold at $15.00/share (total $750,000).
- Filing date: April 16, 2026 (timely filing for an April 14 transaction).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Sale was made under a 10b5-1 trading plan adopted December 15, 2025.
- Transaction code: S = Sale (open-market or private sale as noted on the Form 4).
Context
Sales executed under pre-arranged 10b5-1 plans are commonly routine and help insiders trade without appearing to act on inside information. Such sales are not, by themselves, a clear signal of management’s view of the company; purchases typically carry more weight for signaling confidence.