Form 4 for OSS ONE STOP SYSTEMS, INC.
Accepted 2023-06-06 00:00:00 ET · period of report 2023-06-05 · accession 0001209191-23-034845 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-06-06 | 2023-06-05 | OSS | KNOWLES MICHAEL | CEO | A - Grant | $0.00 | +400.0K | 400.0K | New | $0 |
| D | 2023-06-06 | 2023-06-05 | OSS | KNOWLES MICHAEL | CEO | A - Grant | $0.00 | +400.0K | 400.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-06-05 | A | A | 400,000 | $0.00 | 400,000 | D | — | — | (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. |
| 2 | Derivative | Stock Option (right to buy) | 2023-06-05 | A | A | 400,000 | $0.00 | 400,000 | D | $2.94 · — to 2033-06-04 | 400,000 Common Stock | (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. |