TSS, Inc. (TSSI) SVP Brennan Kieran sells 10,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TSS, Inc. Senior Vice President Brennan Kieran reported an open‑market sale of 10,000 shares of Common Stock. The shares were sold at a weighted average price of $16.0014 per share in multiple transactions priced between $16.00 and $16.02.
Following this sale, Kieran directly holds 271,333 shares of TSS, Inc. Common Stock. The filing notes that detailed trade-by-trade pricing information within the stated range is available upon request.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($160,014)
Net Sell
1 txn
Insider
Brennan Kieran
Role
Senior Vice President
Sold
10,000 shs ($160K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $16.0014 | $160K |
Holdings After Transaction:
Common Stock — 271,333 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $16.0014 per share
Post-transaction holdings: 271,333 shares
+2 more
5 metrics
Shares sold
10,000 shares
Open-market sale of Common Stock
Weighted average sale price
$16.0014 per share
Average price across multiple sale transactions
Post-transaction holdings
271,333 shares
Common Stock directly owned after sale
Sale price range
$16.00–$16.02 per share
Price band for individual sale executions
Net shares sold
10,000 shares
Net sell direction in transaction summary
Key Terms
weighted average price, open-market sale, Common Stock, transaction code "S"
4 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.
open-market sale financial
"transaction_action: "open-market sale" for Common Stock"
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" in the reported 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.
transaction code "S" regulatory
"transaction_code: "S", described as Sale in open market"
FAQ
What insider transaction did Brennan Kieran report at TSS, Inc. (TSSI)?
Senior Vice President Brennan Kieran reported selling 10,000 shares of TSS, Inc. Common Stock in an open-market transaction. The sale was disclosed on a Form 4 insider filing and involved multiple trades within a narrow price range around $16 per share.
What does the weighted average price disclosure mean in the TSS, Inc. Form 4?
The filing states the reported $16.0014 price is a weighted average across multiple trades between $16.00 and $16.02. This means individual executions varied slightly within that band, and detailed trade-by-trade prices are available from the reporting person upon request.
Was Brennan Kieran’s TSS, Inc. (TSSI) transaction a market purchase or sale?
The Form 4 characterizes Brennan Kieran’s transaction as an open-market sale of Common Stock. It uses transaction code “S,” indicating a sale in the open market or a private transaction, and shows a net disposition of 10,000 shares.