TSS, Inc. (TSSI) CEO surrenders 25,960 shares to cover tax withholding
Rhea-AI Filing Summary
TSS, Inc. Chief Executive Officer and director Dewan Darryll E reported a Form 4 transaction involving company common stock. On January 29, 2026, he surrendered 25,960 shares of common stock at $11.20 per share to TSS, Inc. to cover tax withholding tied to vesting restricted stock awards.
After this tax-related share surrender, he reported owning 599,471 common shares directly. An additional 5,000 common shares are reported as indirectly owned, held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,960 shares
Net Sell
2 txns
Insider
Dewan Darryll E
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 25,960 | $11.20 | $291K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 599,471 shares (Direct);
Common Stock — 5,000 shares (Indirect, By Spouse)
Footnotes (1)
- F1. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock awards.
FAQ
What insider transaction did TSS, Inc. (TSSI) report on January 29, 2026?
TSS, Inc. reported that CEO Dewan Darryll E surrendered 25,960 common shares on January 29, 2026. The shares were given back to the company at $11.20 per share to satisfy tax withholding obligations from vesting restricted stock awards.
Was the TSS, Inc. (TSSI) CEO’s Form 4 transaction an open-market sale?
No, the CEO’s Form 4 transaction reflects shares surrendered to TSS, Inc. for tax withholding, not an open-market sale. The footnote states the 25,960 shares covered tax obligations tied to the vesting of restricted stock awards.
What does transaction code "F" mean in the TSS, Inc. (TSSI) Form 4 filing?
Transaction code “F” indicates shares withheld or surrendered to the issuer to pay taxes upon vesting of equity awards. In this case, 25,960 TSS, Inc. shares were surrendered to satisfy tax withholding from vesting restricted stock awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.