TSSI COO Karl Marrott Surrenders 49,188 Shares for Taxes

What Happened

• Karl Todd Marrott, Chief Operating Officer of TSS, Inc. (TSSI), surrendered 49,188 shares on 2026-06-27 to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $11.32 each, totaling approximately $556,808. This was a share surrender for taxes (footnote F1), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-06-27; Filing date: 2026-06-30 (report shows the 6/27 transaction reported on 6/30).
• Price per share: $11.32; Shares surrendered/disposed: 49,188; Total value surrendered: ~$556,808.
• Shares owned after transaction: not provided in the excerpt.
• Footnote: F1 — shares were surrendered to the issuer to satisfy tax withholding on vested restricted stock.
• No 10b5-1 plan or late-filing indicator was noted in the provided data.

Context

• This is a routine tax-withholding transaction (common when restricted stock vests) and is not the same as an open-market sale that might signal a change in insider sentiment. It reflects shares retained by the company to cover taxes rather than shares sold on the market.