James Ison - Aug 10, 2021 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role
Chief Sales/Marketing Officer
Signature
/s/ James Ison
Stock symbol
OSS
Transactions as of
Aug 10, 2021
Transactions value $
-$7,784
Form type
4
Date filed
8/16/2021, 06:59 PM
Previous filing
Jun 22, 2021
Next filing
Aug 19, 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSS Common Stock Options Exercise +2.5K +7% 38.2K Aug 10, 2021 By Trust F1, F2
transaction OSS Common Stock Tax liability -$5.13K -805 -2.11% $6.37 37.4K Aug 10, 2021 By Trust F2, F3
transaction OSS Common Stock Options Exercise +1.67K +4.45% 39.1K Aug 12, 2021 By Trust F1, F2
transaction OSS Common Stock Tax liability -$2.66K -454 -1.16% $5.85 38.6K Aug 12, 2021 By Trust F2, F4
holding OSS Common Stock 48.3K Aug 10, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OSS Restricted Stock Unit Options Exercise $0 -2.5K -25% $0.00 7.5K Aug 10, 2021 Common Stock 2.5K Direct F1, F5
transaction OSS Restricted Stock Unit Options Exercise $0 -1.67K -50% $0.00 1.67K Aug 12, 2021 Common Stock 1.67K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 These shares are owned directly by James J Ison Jr. and Sha-Marie A Ison Inter Vivos Revocable Trust dated June 4, 2020, and indirectly by James Ison as trustee of the trust.
F3 The reporting person received 2,500 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 805 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the market price of OSS common stock at the time of forfeiture
F4 The reporting person received 1,666 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 454 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the market price of OSS common stock at the time of forfeiture.
F5 Prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/6, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each six month period of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/6. This Restricted Stock Unit will be fully vested after three (3) years of service. The Initial Vesting Date shall be six months following the Date of Restricted Stock Unit Grant.