The sale is pre-planned under a 10b5-1 trading plan, reducing signaling concern. However, the officer has sold $1.55M in the past three weeks (April 14 and 22) and now plans another $1.59M. Monitor for any acceleration of selling beyond the plan or for any negative corporate developments that might have prompted the plan adoption.
Price Chart
Executive Summary
Darryll E. Dewan, an officer of TSS, Inc., filed a Form 144 notice of intent to sell 100,000 shares of common stock valued at approximately $1.59 million. The shares were acquired via restricted stock vesting on January 24, 2026, and the sale is expected to occur under a Rule 10b5-1 trading plan adopted on December 15, 2025. This is a pre-planned insider sale by an officer, representing about 0.37% of shares outstanding, and is not unusual given the 10b5-1 plan context.
Key Facts
- Officer Darryll E. Dewan intends to sell 100,000 shares of TSS common stock.
- Approximate market value of proposed sale: $1,590,000.
- Shares were acquired via restricted stock vesting on January 24, 2026.
- Sale is expected under a Rule 10b5-1 trading plan adopted on December 15, 2025.
- Dewan previously sold 50,000 shares on April 14, 2026 ($750,000) and 50,000 shares on April 22, 2026 ($800,000).
- Total shares outstanding: 28,860,368 (per filing). Proposed sale represents ~0.35% of shares outstanding.
Financial Impact
Proposed sale of $1.59M in stock by an officer, representing ~0.35% of shares outstanding.
Risk Factors
- Insider selling cluster: officer sold $1.55M in late April and now plans another $1.59M in May.
- If the 10b5-1 plan was adopted just before a material negative event, the sales could be front-loaded.
- No explicit reason for the sale beyond 'services rendered' — could be personal liquidity, but pattern warrants attention.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001654954-26-004421 |
| Document: 0001654954-26-004421-index.html | 0001654954-26-004421 |
| Document: 0001654954-26-004421.txt | 0001654954-26-004421 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 10w ago | 10-Q/A | $9.48 $8.16 | ▼ −13.92% | ▼ −11.95% | $7.48 (−21.10%) |
Jun 11, 2026 19w ago | Institutional Cluster | $12.26 $11.43 | ▼ −6.77% | ▼ −8.66% | $7.48 (−38.99%) |
May 6, 2026 24w ago | 144 | $15.84 $13.93 | ▼ −12.06% | ▼ −15.19% | $7.48 (−52.78%) |
Apr 23, 2026 26w ago | DEFA14A | $15.75 $11.59 | ▼ −26.41% | ▼ −30.44% | $7.48 (−52.51%) |
US Market Status
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