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TSSI (NASDAQ: TSSI) Form 144 notice — 100,000 restricted shares proposed sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

TSSI filed a Form 144 to sell 100,000 shares of Common Stock. The filing lists the securities as restricted stock vesting under a registered plan with a transaction date of 01/24/2026 and cites services rendered as the acquisition basis.

The filing also discloses two recent sales by Darryll Dewan/TSS Inc.: 50,000 shares on 04/14/2026 for $750,000 and 50,000 shares on 04/22/2026 for $800,000. Shares outstanding are listed as 28,860,368 as of 05/06/2026.

Positive

  • None.

Negative

  • None.

Insights

Form 144 reports a proposed sale of 100,000 restricted shares tied to vesting.

The filing identifies the securities as restricted stock vesting under a registered plan with an effective transaction date of 01/24/2026. This characterizes the notice as a routine Section 144 disclosure for resale eligibility rather than an open-market trading plan.

Cash‑flow treatment is explicit for recent dispositions: two sales of 50,000 shares each occurred on 04/14/2026 and 04/22/2026 generating $750,000 and $800,000. Subsequent filings would show settlement details if required.

Proposed sale 100,000 shares restricted stock vesting under a registered plan (01/24/2026)
Recent sale 1 50,000 shares sold 04/14/2026 for $750,000
Recent sale 2 50,000 shares sold 04/22/2026 for $800,000
Shares outstanding 28,860,368 shares as of 05/06/2026
Form 144 regulatory
"Filed notice to sell restricted securities under Section 144"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
restricted stock vesting financial
"Restricited stock vesting under a registered plan"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
services rendered other
"Acquisition basis listed as services rendered (01/24/2026)"

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does TSSI's Form 144 say about the number of shares proposed for sale?

The Form 144 lists a proposed sale of 100,000 shares of Common Stock, described as restricted stock vesting under a registered plan with a transaction date of 01/24/2026.

Who executed recent sales disclosed in the TSSI filing and for how much?

The filing shows recent sales by Darryll Dewan/TSS Inc.: 50,000 shares on 04/14/2026 for $750,000 and 50,000 shares on 04/22/2026 for $800,000.

How many TSSI shares were outstanding according to the filing?

Shares outstanding are listed as 28,860,368 as of 05/06/2026, shown in the filer information section of the Form 144 notice.

What is the reported basis for the restricted shares in the TSSI Form 144?

The restricted shares are reported as vesting under a registered plan with acquisition listed as services rendered, tied to the transaction date 01/24/2026.

Does the Form 144 indicate whether proceeds go to the issuer or selling holder?

For the proposed 100,000-share sale, the filing lists the securities as issued in connection with vesting under a plan; the recent sales list proceeds received by the selling holder ($750,000 and $800,000).