Michael Knowles - Jun 5, 2023 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role: Chief Executive Officer
Signature: /s/ Michael Knowles
Stock symbol: OSS
Transactions as of: Jun 5, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/6/2023, 06:19 PM
Previous filing: May 25, 2021
Next filing: Aug 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OSS	Common Stock	Award	$0	+400K		$0.00	400K	Jun 5, 2023	Direct	F1, F2

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	Stock Option (right to buy)	Award	$0	+400K		$0.00	400K	Jun 5, 2023	Common Stock	400K	$2.94	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents 400,000 restricted stock units granted to the Reporting Person outside of the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan"), in connection with, and as a material inducement to, the hiring and appointment of the Reporting Person as President and Chief Executive Officer of the Issuer, which restricted stock units are subject to vesting conditions.
F2	Consists of 400,000 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
F3	Represents non-qualified stock options to purchase 400,000 shares of of the Issuer's common stock, which stock options were granted to the Reporting Person outside of the Issuer's Plan, in connection with, and as a material inducement to, the hiring and appointment of the Reporting Person as President and Chief Executive Officer of the Issuer.
F4	The stock options vest shall vest over four years, with one fourth vesting on the one-year anniversary of the date of grant and the remaining stock options vesting in six equal installments, commencing six months after the one-year anniversary of the grant date and every six months thereafter until fully vested.