Dewan Darryll E 4
Research Summary
AI-generated summary
TSS, Inc. (TSSI) CEO Darryll Dewan Sells 50,000 Shares
What Happened
Darryll E. Dewan, CEO of TSS, Inc. (ticker TSSI), sold 50,000 shares on May 6, 2026 at $17.00 per share, for total gross proceeds of $850,000. The filing reports the transaction as an open-market or private sale (code S).
Key Details
- Transaction date: 2026-05-06; Price: $17.00 per share; Shares sold: 50,000; Gross value: $850,000.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnote: Sale executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2025.
- Filing date / timeliness: Form 4 filed 2026-05-08 (timely relative to the reported transaction).
Context
Sales under a 10b5-1 plan are typically pre-scheduled and are considered routine insider dispositions rather than a new, discretionary signal about company prospects. For retail investors, purchases typically carry more direct informational weight than scheduled sales; this report documents a planned sale by the CEO.