John Morrison - Feb 11, 2022 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role
Chief Financial Officer
Signature
/s/ John Morrison
Stock symbol
OSS
Transactions as of
Feb 11, 2022
Transactions value $
-$3,215
Form type
4
Date filed
2/11/2022, 06:54 PM
Previous filing
Feb 7, 2022
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSS Common Stock Options Exercise +2.5K +1.3% 194K Feb 11, 2022 Direct F1, F2
transaction OSS Common Stock Tax liability -$3.22K -790 -0.41% $4.07 193K Feb 11, 2022 Direct F2, F3

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 -33.33% $0.00 5K Feb 11, 2022 Common Stock 2.5K Direct F1, F4
* 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 Includes 110,667 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
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 790 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.
F4 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.