David Raun - 17 Mar 2022 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role: President and CEO, Director
Signature: David Raun
Issuer symbol: OSS
Transactions as of: 17 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 21 Mar 2022, 21:17:18 UTC
Previous filing: 23 Dec 2021
Next filing: 30 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OSS	Common Stock	Award	$0	+201,000	+105%	$0.000000	391,551	17 Mar 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 201,000 restricted stock units awarded to the Reporting Person under the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan"), in connection with the Reporting Person's service as President and Chief Executive Officer of the Issuer, which restricted stock units are subject to the following vesting conditions: 1/3 of the RSUs will vest on February 4, 2023, and the remaining RSUs shall vest in four equal installments, commencing six months after February 4, 2023, and every six months thereafter until fully vested, provided that reporting person is still employed on each such vesting date.
F2	Includes 201,000 unvested restricted stock units held by the Reporting Person, which remain subject to those vesting conditions set forth in Footnote 1 to this Form 4.

Content

Represents 201,000 restricted stock units awarded to the Reporting Person under the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan"), in connection with the Reporting Person's service as President and Chief Executive Officer of the Issuer, which restricted stock units are subject to the following vesting conditions: 1/3 of the RSUs will vest on February 4, 2023, and the remaining RSUs shall vest in four equal installments, commencing six months after February 4, 2023, and every six months thereafter until fully vested, provided that reporting person is still employed on each such vesting date.

Includes 201,000 unvested restricted stock units held by the Reporting Person, which remain subject to those vesting conditions set forth in Footnote 1 to this Form 4.