MARROTT KARL TODD 4

What Happened

• Karl Todd Marrott, Chief Operating Officer of TSS, Inc. (TSSI), sold a total of 38,849 shares in open-market transactions.
• On 2026-04-14 he sold 15,213 shares at a reported average price of $15.03 for proceeds of $228,613. On 2026-04-17 he sold 23,636 shares at a reported average price of $15.11 for proceeds of $357,206. Total proceeds were about $585,819.
• These were outright sales (not purchases or option exercises) and are often routine rather than a direct signal of sentiment.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-04-14: 15,213 shares @ $15.03 — $228,613
  • 2026-04-17: 23,636 shares @ $15.11 — $357,206
• Footnotes:
  • Sales were made pursuant to a Rule 10b5-1 trading plan adopted by Marrott on Sept 12, 2025.
  • The reported prices are weighted averages; the trades were executed across multiple prices within ranges of $15.00–$15.17 and $15.00–$15.21 (the filer offers to provide a per-price breakdown on request).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Filing: Form 4 filed on 2026-04-17 reporting transactions occurring 2026-04-14 and 2026-04-17; the document does not state that the filing was late.

Context

• Sales executed under a pre-established Rule 10b5-1 plan are scheduled trading arrangements and are commonly used by insiders to sell shares without implying a change in their view of the company.
• For retail investors: insider sales are useful to note, but purchases and large accumulations typically carry more weight when evaluating insider confidence.