STOCK TITAN

TSS, Inc. (NASDAQ: TSSI) CFO exercises 41,667 options for shares

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

TSS, Inc. Chief Financial Officer Daniel M. Chism exercised employee stock options covering 41,667 shares on January 8, 2026. The options had an exercise price of $1.72 per share, resulting in the acquisition of 41,667 shares of common stock at that price. Following this transaction, he beneficially owned 337,886 shares of common stock directly and held 83,333 employee stock options outstanding.

Positive

  • None.

Negative

  • None.
Insider CHISM DANIEL M
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Employee Stock Option 41,667 $0.00 --
Exercise Common Stock 41,667 $1.72 $72K
Holdings After Transaction: Employee Stock Option — 83,333 shares (Direct); Common Stock — 337,886 shares (Direct)
Footnotes (1)
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
CHISM DANIEL M

(Last) (First) (Middle)
1800 AVIATION DRIVE
BUILDING 1, SUITE 100

(Street)
GEORGETOWN TX 78628

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TSS, Inc. [ TSSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/08/2026 M 41,667 A $1.72 337,886 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $1.72 01/08/2026 M 41,667 06/07/2025 06/06/2034 Common Stock 41,667 $0.00 83,333 D
Explanation of Responses:
/s/ Christopher R. Johnson, Attorney-in-Fact 01/12/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did TSS, Inc. (TSSI) report in this Form 4?

The filing reports that Chief Financial Officer Daniel M. Chism exercised employee stock options covering 41,667 shares of TSS, Inc. common stock on January 8, 2026.

At what price were the TSS, Inc. (TSSI) stock options exercised?

The employee stock options were exercised at a price of $1.72 per share, with 41,667 shares of common stock issued upon exercise.

How many TSS, Inc. (TSSI) shares does the CFO own after this transaction?

After the reported transaction, Chief Financial Officer Daniel M. Chism beneficially owned 337,886 shares of TSS, Inc. common stock directly.

How many TSS, Inc. (TSSI) stock options remain after the exercise?

Following the exercise, Daniel M. Chism held 83,333 employee stock options, each relating to TSS, Inc. common stock.

What transaction code is used in the TSS, Inc. (TSSI) Form 4?

The Form 4 uses transaction code M, indicating the exercise or conversion of a derivative security, in this case an employee stock option into common stock.

Is the ownership reported in the TSS, Inc. (TSSI) Form 4 direct or indirect?

The Form 4 indicates that both the common stock and the remaining employee stock options are held under direct (D) beneficial ownership by Daniel M. Chism.