David Raun - Jul 9, 2021 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Signature
/s/ David Raun
Stock symbol
OSS
Transactions as of
Jul 9, 2021
Transactions value $
-$405,778
Form type
4
Date filed
7/12/2021, 07:15 PM
Next filing
Aug 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSS Common Stock Options Exercise +137K +164.43% 221K Jul 9, 2021 Direct F1
transaction OSS Common Stock Tax liability -$406K -67K -30.31% $6.06 154K Jul 9, 2021 Direct F2

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 Units Options Exercise $0 -137K -33.33% $0.00 275K Jul 9, 2021 Common Stock 137K Direct F1, F3
* 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 shares of common stock on a one-for-one basis.
F2 The Reporting Person received 137,375 shares of common stock upon vesting of the restricted stock units, as reported in this Form 4. The Reporting Person forfeited 66,960 shares of common stock underlying the vested and outstanding restricted stock units to cover tax withholdings, using the market price of the Issuer's common stock at the time of forfeiture.
F3 The restricted stock units ("RSUs") shall vest over three years, with 1/3 of the RSUs vesting following the one-year anniversary of the date of grant, and the remaining RSUs shall vest in four equal installments, commencing six months after the one-year anniversary of the date of grant and every six months thereafter until fully vested, provided that grantee is still employed on each such vesting date.