David Raun - 04 Jan 2023 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role
President and CEO, Director
Signature
/s/ David Raun
Issuer symbol
OSS
Transactions as of
04 Jan 2023
Net transactions value
-$83,874
Form type
4
Filing time
06 Jan 2023, 16:37:53 UTC
Previous filing
30 Jun 2022
Next filing
21 Jun 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 +68,687 +16% 499,271 04 Jan 2023 Direct F1, F2
transaction OSS Common Stock Tax liability $83,874 -28,626 -5.7% $2.93 470,645 04 Jan 2023 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 Units Options Exercise $0 -68,687 -50% $0.000000 68,687 04 Jan 2023 Common Stock 68,687 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 shares of common stock on a one-for-one basis.
F2 Includes 201,000 unvested restricted stock units held by the Reporting Person, which remain subject to certain vesting conditions.
F3 The Reporting Person received 68,687 shares of common stock upon vesting of the restricted stock units, as reported in this Form 4. The Reporting Person forfeited 28,626 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 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.