TSS, Inc. (TSSI) CFO sells 25,000 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TSS, Inc. Chief Financial Officer Daniel M. Chism reported an open-market sale of 25,000 shares of Common Stock on April 14, 2026 at $15.00 per share. The transaction was executed under a pre-established Rule 10b5-1 trading plan. After the sale, he continues to hold 338,215 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 25,000 shares ($375,000)
Net Sell
1 txn
Insider
CHISM DANIEL M
Role
Chief Financial Officer
Sold
25,000 shs ($375K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,000 | $15.00 | $375K |
Holdings After Transaction:
Common Stock — 338,215 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 25,000 shares
Sale price: $15.00/share
Shares remaining: 338,215 shares
+1 more
4 metrics
Shares sold
25,000 shares
Common Stock sold on April 14, 2026
Sale price
$15.00/share
Open-market sale price per share
Shares remaining
338,215 shares
Direct holdings after the transaction
Net shares sold
25,000 shares
Net sell volume in this Form 4
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock
3 terms
Rule 10b5-1 trading plan financial
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale of Common Stock at $15.00 per share."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: Common Stock involved in the reported insider transaction."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did TSS, Inc. (TSSI) disclose in this Form 4?
TSS, Inc. reported that Chief Financial Officer Daniel M. Chism sold 25,000 shares of Common Stock in an open-market transaction at $15.00 per share. This disposal was recorded on April 14, 2026, and is documented as a routine Section 16 Form 4 filing.
Was the TSS, Inc. (TSSI) CFO’s sale made under a Rule 10b5-1 plan?
Yes. A Form 4 footnote states the shares were sold under a Rule 10b5-1 trading plan adopted on December 15, 2025. Such pre-arranged plans allow insiders to schedule trades in advance, helping separate trading timing from day-to-day corporate information.
Does this TSS, Inc. (TSSI) Form 4 show any option exercises or derivatives?
No derivative transactions are shown in this Form 4. The filing lists only a non-derivative Common Stock sale. The derivativeSummary section is empty, indicating no option exercises, conversions, or other derivative-related insider transactions were reported for this date.