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EdgarHawk

Dewan Darryll E

President and CEO

Officer
3 filings analyzed · 1 company · Latest 2024-12-10

Companies

Company Buys Sells Direction
TSS, Inc. TSSI 0 5 Net selling

Activity

December 2024
2024-12-10 TSS, Inc. TSSI
medium
Sell
90,000 shares
$870,677
Significance 6/10

CEO Dewan sells 90,000 shares across 2 transactions ($409.4K at $10.23, $461.3K at $9.23); holds 340.9K post-sale

Dewan Darryll E, President and CEO, executed 2 separate sales totaling 90,000 shares for $870,677.00 between 2024-12-06 and 2024-12-10, reducing holdings by -20.9% to 340.9K shares. The sales occurred at blended average price $9.67, compared to current price of $9.15 (trading -23.6% from the 52-week high of $11.98). At the same ticker, his prior 3 sells were recent (2024-11-21, 2024-11-22, 2024-11-25), outcomes not yet measurable; his 2 prior buys at TSSI showed strong 90-day returns (+38.6% and +280.0%), and his cross-ticker track record shows 100% win rate on buys (avg 90d return +145.9%) versus 3 prior sells elsewhere. The company is growing revenue 77.6% annually and trades at P/E 45.75 with market cap $205.6M. The consecutive sales in November followed by these December transactions represent sustained insider liquidity activity warranting observation of subsequent stock performance and any public commentary on execution or strategic positioning.

November 2024
2024-11-26 TSS, Inc. TSSI
high
Sell
201,913 shares
$1,514,240
Significance 7/10

CEO Dewan sells 201,913 TSSI shares in 2 transactions for $1.5M; blended $7.50 avg vs current $9.44

Dewan Darryll E (President and CEO) executed 2 separate sales on 2024-11-22 and 2024-11-25, selling a combined 201,913 shares (201.9K shares) for $1,514,240.15 ($1.5M) at prices of $7.24 and $8.25. This represents a -30.0% reduction in his TSSI holdings (from 672,827 to 470,914 shares post-transaction). The blended average transaction price of $7.50 sits -21.2% below the current price of $9.44, meaning the sales occurred at a material discount to today's valuation. His prior trades at TSSI show a 2 of 2 timing pattern at the 90-day mark, including a sell on 2024-11-21 and two buys on 2024-04-03 and 2023-05-16 that saw 90d returns of +280.0% and +11.9% respectively. The company's annualized trajectory includes 77.6% annual revenue growth and $70.1M in latest-quarter revenue, though valuation metrics show a 47.20 P/E and the stock has gained 81.9% over the past 90 days—the timing of this sale immediately follows a sharp rally. Context of the 30-day price action (+32.4% in the prior 30 days) suggests the sales may reflect a market-driven opportunity rather than fundamental distress, but the multi-transaction structure and post-rally timing warrant monitoring of subsequent disclosures to clarify executive intent.

2024-11-22 TSS, Inc. TSSI
medium
Sell
67,962 shares
$509,681
Significance 5/10

CEO Dewan Darryll E sold 67,962 shares of TSSI at $7.50, reducing holdings by 9.2% to 672,827 shares; mixed signal amid 65.7% 90-day rally and strong fundamentals.

Dewan Darryll E, President and CEO, sold 67,962 shares (68.0K shares) at $7.50 for $509,681.02 ($509.7K), reducing his stake by 9.2% from 740,789 to 672,827 shares. The sale occurred during an extended price recovery—the stock has gained 65.7% over 90 days and 23.2% over 30 days—yet remains 38.3% below its 52-week high of $11.98. At TSSI specifically, Dewan's prior two trades were well-timed at the 90-day horizon: his April 2024 buy returned +280.0% and his May 2023 buy returned +11.9%. The company's fundamentals are strong, with annual revenue growth of +77.6%, a market cap of $166.1M, and net income of $2.6M on revenues of $70.1M. The timing of this sale—following a multi-month rally but from a price still discounted from the year's peak—and the presence of substantial retained holdings (672.8K shares remaining) suggest neither urgent exit nor loss of confidence, but the reduction warrants tracking against the insider's demonstrated track record of accurate entry and exit timing at this ticker.

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