John W. Morrison Jr. - 22 May 2023 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role
Chief Financial Officer
Signature
/s/ John Morrison
Issuer symbol
OSS
Transactions as of
22 May 2023
Net transactions value
-$9,065
Form type
4
Filing time
24 May 2023, 18:45:33 UTC
Previous filing
20 Mar 2023
Next filing
18 Aug 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 Tax liability $3,055 -1,232 -0.45% $2.48 272,585 22 May 2023 Direct F1, F2
transaction OSS Common Stock Tax liability $6,010 -2,463 -0.9% $2.44 270,122 22 May 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person forfeited 1,232 shares of common stock upon conversion of 3,333 vested and outstanding Restricted Stock Units into shares of common stock to cover tax withholdings, using the market price of the issuer's common stock at the time of forfeiture. These Restricted Stock Units were part of the grant reported in Table I of the Form 4 filed by the Reporting Person with the Securities and Exchange Commission on May 21, 2021.
F2 Includes 156,668 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
F3 The Reporting Person forfeited 2,463 shares of common stock upon conversion of 6,667 vested and outstanding Restricted Stock Units into shares of common stock to cover tax withholdings, using the market price of the issuer's common stock at the time of forfeiture. These Restricted Stock Units were part of the grant reported in Table I of the Form 4 filed by the Reporting Person with the Securities and Exchange Commission on May 21, 2021.
F4 Includes 150,001 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.