The photochemistry of tetrasulfur tetranitride (1) was studied in hexane solution by the laser flash photolysis technique (LFP). The experimental findings were interpreted using the results of previous matrix isolation studies (Pritchina, E.A.; Gritsan, N.P.; Bally, T.; Zibarev, A.V. Inorg. Chem. 2009, 48, 4075) and high-level quantum chemical calculations. LFP produces two primary intermediates, one of which is the boat-shaped 8-membered cyclic compound (2) and the other is the 6-membered S(3)N(3) cyclic compound carrying an exocyclic (S)-N═S group (3). The primary products 2 and 3 absorb a second photon and undergo transformation to the 6-membered S(3)N(3) cycle carrying an exocyclic (N)-S≡N group (4), which is very unstable and converts back to intermediate 3. The quantum yield of the primary product formation is close to unity even though the quantum yield of photodegradation of 1 is low (~0.01). Thus, 1 is a photochromic compound undergoing in solution the thermally reversible photochemical isomerization. The mechanism of the photochromic process was established, and the rate constants of the elementary reactions were measured.