TSS, Inc. (TSSI) director-linked funds sell 300K common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Entities associated with TSS, Inc. director Peter H. Woodward reported open-market sales of a combined 300,000 shares of TSS common stock. MHW SPV II, LLC sold 100,000 shares at a weighted average price of $15.48 per share, and MHW Partners, L.P. sold 200,000 shares at a weighted average price of $16.07 per share, with individual trades executed between $15.50 and $17.00. The filing states these shares are owned by the respective entities, where Woodward serves as manager or general partner and disclaims beneficial ownership except for his pecuniary interest. After these transactions, the reported indirect holdings include 1,114,061 shares through MHW SPV II, LLC and 983,521 shares through MHW Partners, L.P., plus additional indirect holdings of 885,714 shares subject to a performance-related fee and 21,700 shares through MHW Capital Management, LLC, along with 19,358 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 300,000 shares ($4,762,000)
Net Sell
5 txns
Insider
Woodward Peter H
Role
null
Sold
300,000 shs ($4.76M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 200,000 | $16.07 | $3.21M |
| Sale | Common Stock | 100,000 | $15.48 | $1.55M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 983,521 shares (Indirect, Shares held through MHW Partners, L.P.);
Common Stock — 19,358 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.50 to $17.00, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (1) and (3). The shares are owned by MHW Partners, L.P. The reporting person is the General Partner of MHW Partners, L.P. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.50 to $17.00, inclusive. The shares are owned by MHW SPV II, LLC. The reporting person is the Manager of MHW SPV II, LLC. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares. The shares are owned by MHW Capital Management, LLC. The reporting person is the principal of MHW Capital Management, LLC. The shares are owned by unaffiliated third persons, and the reporting person has a right to a performance-related fee upon the disposition of such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.
Key Figures
Shares sold via MHW SPV II, LLC: 100,000 shares at $15.48
Shares sold via MHW Partners, L.P.: 200,000 shares at $16.07
Total shares sold: 300,000 shares
+5 more
8 metrics
Shares sold via MHW SPV II, LLC
100,000 shares at $15.48
Open-market sale, weighted average price per share
Shares sold via MHW Partners, L.P.
200,000 shares at $16.07
Open-market sale, weighted average price per share
Total shares sold
300,000 shares
Combined open-market sales by associated entities
Holdings via MHW SPV II, LLC after sale
1,114,061 shares
Indirect ownership following reported transactions
Holdings via MHW Partners, L.P. after sale
983,521 shares
Indirect ownership following reported transactions
Performance-related fee pool
885,714 shares
Shares where Woodward has performance-related fee rights
Holdings via MHW Capital Management, LLC
21,700 shares
Indirect ownership through MHW Capital Management, LLC
Directly held shares
19,358 shares
Shares reported as directly owned by Woodward
Key Terms
weighted average price, performance-related fee, beneficial ownership, MHW Partners, L.P., +2 more
6 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
MHW Partners, L.P. financial
"The shares are owned by MHW Partners, L.P. The reporting person is the General Partner of MHW Partners, L.P."
MHW SPV II, LLC financial
"The shares are owned by MHW SPV II, LLC. The reporting person is the Manager of MHW SPV II, LLC."
open-market sale financial
"transaction_action": "open-market sale""
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.
FAQ
What insider activity did TSS, Inc. (TSSI) report in this Form 4?
TSS, Inc. reported that entities associated with director Peter H. Woodward sold a total of 300,000 shares of common stock in open-market transactions, while retaining significant indirect and direct ownership positions after the sales.
How were the TSS, Inc. (TSSI) sale prices described in the Form 4?
The filing reports weighted average sale prices, noting that the shares were sold in multiple transactions at prices ranging from $15.50 to $17.00. The reporting person undertakes to provide detailed trade-by-trade pricing information upon request.