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

Feb 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE STOP SYSTEMS, INC. (OSS)
CIK: 0001394056
Period of Report: 2020-02-13

Reporting Person: Ison Jim (Chief Sales/Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-13	Common Stock	F	667	$2.73	Acquired	14763	Direct
2020-02-13	Common Stock	F	1211	$2.73	Acquired	15974	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-13	Restricted Stock Unit	$	M	833	Disposed		Common Stock (833)	Direct
2020-02-13	Restricted Stock Unit	$	M	1667	Disposed		Common Stock (1667)	Direct

Footnotes

F1: Represents a "net stock issuance" of vested and outstanding Restricted Stock Units. The reporting person received 667 shares of common stock on the net stock issuance of 833 shares of common stock. The reporting person forfeited 166 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the closing stock price on February 13, 2020 of $2.73.

F2: Represents a "net stock issuance" of vested and outstanding Restricted Stock Units. The reporting person received 1,211 shares of common stock on the net stock issuance of 1,667 shares of common stock. The reporting person forfeited 456 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the closing stock price on February 13, 2020 of $2.73.

F3: Restricted stock units convert into common stock on a one-for-one basis.

F4: On April 11, 2018, the reporting person was granted 10,000 restricted stock units, vesting in twelve equal quarterly installments beginning the first quarter after the grant date.

F5: Prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/6, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each six month period of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/6. This Restricted Stock Unit will be fully vested after three (3) years of service. The Initial Vesting Date shall be six months following the Date of Restricted Stock Unit Grant.