ONE STOP SYSTEMS, INC. — Director's Dealing 2020

Jun 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE STOP SYSTEMS, INC. (OSS)
CIK: 0001394056
Period of Report: 2020-06-24

Reporting Person: RAUN DAVID (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-24	Restricted Stock Unit	$	A	412125	Acquired		Common Stock (412125)	Direct
2020-06-24	Employee Stock Option (right to buy)	$2.14	A	412125	Acquired	2030-06-23	Common Stock (412125)	Direct

Footnotes

F1: Each Restricted Stock Unit represents a contingent right to receive one share of OSS common stock. The closing price of OSS on June 23, 2020 was $2.14.

F2: The Restricted Stock Units (RSUs) shall vest over three (3) 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 (4) equal installments, commencing six (6) months after the one-year anniversary of the date of grant and every six (6) months thereafter until fully vested, provided that grantee is still employed on each such vesting date.

F3: The options shall vest based on increases of the Company's stock price during six-month periods, which periods end at the end of the second and fourth fiscal quarters. After the Company reports second and fourth fiscal quarter earnings, 29,438 options shall vest if the Company's stock price has increased $0.25 per share over the price at the end of the prior 6-month period. If the stock price increases more or less than $0.25 per share, the number of options that shall vest shall be proportionate to the stock price increase to $0.25. The stock price on the date of grant is the floor for the initial period. The price at the end of each 6-month period (which shall be used as the floor for the subsequent 6-month period) shall be determined using ten-day trailing volume weighted average price (VWAP) after reporting second and fourth fiscal quarter earnings.