James Ison - 10 Feb 2023 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role
Chief Sales/Marketing Officer
Signature
/s/James Ison
Issuer symbol
OSS
Transactions as of
10 Feb 2023
Transactions value $
-$3,504
Form type
4
Filing time
14 Feb 2023, 17:17:36 UTC
Previous filing
10 Feb 2023
Next filing
20 Mar 2023
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 +2,500 +1.96% 129,771 10 Feb 2023 By Trust F1, F2
transaction OSS Common Stock Tax liability -$3,503 -1,004 -0.77% $3.49 128,767 10 Feb 2023 By Trust F2, F3
holding OSS Common Stock 58,168 10 Feb 2023 Direct F4

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 -2,500 -100% $0* 0 10 Feb 2023 Common Stock 2,500 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 1,004 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 Includes 58,168 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
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.