James Ison - May 22, 2023 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role
CPO, CM&SO
Signature
/s/ James Ison
Stock symbol
OSS
Transactions as of
May 22, 2023
Transactions value $
-$7,627
Form type
4
Date filed
5/24/2023, 06:47 PM
Previous filing
Mar 20, 2023
Next filing
Aug 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSS Common Stock Tax liability -$2.11K -849 -0.63% $2.48 133K May 22, 2023 Direct F1, F2
transaction OSS Common Stock Tax liability -$5.52K -2.26K -1.7% $2.44 131K May 22, 2023 Direct F3, F4
transaction OSS Common Stock Gift $0 +6.06K +5.09% $0.00 125K May 22, 2023 Direct F5, F6
transaction OSS Common Stock Gift $0 +6.06K +4.7% $0.00 135K May 22, 2023 By Trust F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person forfeited 849 shares of common stock upon conversion of 2,500 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 133,319 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
F3 The Reporting Person forfeited 2,263 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 131,056 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
F5 On May 22, 2023, the Reporting Person transferred 6,055 shares of common stock to the James J. Ison Jr. & Sha-Marie A Ison TR UA 06 04 2020 James J. Ison Jr. & Sha-Marie A Ison Inter Vivos Revocable Trust (the "Trust"), of which the Reporting Person is trustee. The Reporting Person and members of his immediate family are the sole beneficiaries of the Trust.
F6 Includes 125,001 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
F7 These shares are owned directly by the Trust, and indirectly by James Ison as trustee of the Trust.