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ONE STOP SYSTEMS, INC. — Director's Dealing 2022
Oct 6, 2022
34051_dirs_2022-10-06_bbcbbbaf-b43f-49f9-8279-4d9cb23c0bde.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ONE STOP SYSTEMS, INC. (OSS)
CIK: 0001394056
Period of Report: 2022-10-04
Reporting Person: Ison James (Chief Sales/Marketing Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-10-04 | Common Stock | M | 2500 | — | Acquired | 92633 | Indirect |
| 2022-10-04 | Common Stock | F | 849 | $3.27 | Disposed | 91784 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-10-04 | Restricted Stock Unit | $ | M | 2500 | Disposed | Common Stock (2500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 86000 | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: These shares are owned directly by James J Ison Jr. and Sha-Marie A Ison Inter Vivos Revocable Trust dated June 4, 2020, and indirectly by James Ison as trustee of the trust.
F3: The reporting person received 2,500 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 849 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the market price of OSS common stock at the time of forfeiture.
F4: Includes 86,000 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions.
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.