James Ison - Aug 16, 2023 Form 4 Insider Report for ONE STOP SYSTEMS, INC. (OSS)

Role
CPO
Signature
/s/ James Ison
Stock symbol
OSS
Transactions as of
Aug 16, 2023
Transactions value $
-$5,609
Form type
4
Date filed
8/18/2023, 09:32 PM
Previous filing
May 24, 2023
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSS Common Stock Tax liability -$5.61K -3.17K -2.54% $1.77 122K Aug 16, 2023 Direct F1, F2
transaction OSS Common Stock Gift $0 -6.17K -5.06% $0.00 116K Aug 16, 2023 Direct F2, F3
transaction OSS Common Stock Gift $0 +6.17K +4.57% $0.00 141K Aug 16, 2023 By Trust 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 3,169 shares of common stock upon conversion of 9,334 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 February 7, 2022.
F2 Includes 115,667 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
F3 On August 16, 2023, the Reporting Person transferred 6,165 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.
F4 These shares are owned directly by the Trust, and indirectly by James Ison as trustee of the Trust.