David Raun - Dec 23, 2021 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role
President and CEO, Director
Signature
David Raun
Stock symbol
OSS
Transactions as of
Dec 23, 2021
Transactions value $
-$167,485
Form type
4
Date filed
12/23/2021, 06:23 PM
Previous filing
Nov 22, 2021
Next filing
Mar 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSS Common Stock Options Exercise +68.7K +43.48% 227K Dec 23, 2021 Direct F1
transaction OSS Common Stock Tax liability -$167K -36.1K -15.93% $4.64 191K Dec 23, 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 -68.7K -25% $0.00 206K Dec 23, 2021 Common Stock 68.7K 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 68,688 shares of common stock upon vesting of the restricted stock units, as reported in this Form 4. The Reporting Person forfeited 36,096 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.