Form 4 for OSS ONE STOP SYSTEMS, INC.
Accepted 2023-06-21 00:00:00 ET · period of report 2023-06-16 · accession 0001209191-23-038948 · 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 | 2023-06-21 | 2023-06-16 | OSS | RAUN DAVID | Pres, CEO, Dir | M - OptEx | — | +68.7K | 514.6K | +15% | — |
| D | 2023-06-21 | 2023-06-16 | OSS | RAUN DAVID | Pres, CEO, Dir | F - Tax | $2.95 | -52.9K | 461.7K | -10% | -$156.0K |
| D | 2023-06-21 | 2023-06-16 | OSS | RAUN DAVID | Pres, CEO, Dir | D - Sale to Iss | $0.00 | -59.6K | 402.1K | -13% | $0 |
| D | 2023-06-21 | 2023-06-16 | OSS | RAUN DAVID | Pres, CEO, Dir | M - OptEx | $0.00 | -68.7K | 0 | -100% | $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 | 2023-06-16 | M | A | 68,688 | — | 514,576 | D | — | — | (F1) Restricted stock units convert into shares of common stock on a one-for-one basis. (F2) Includes 134,000 unvested restricted stock units held by the Reporting Person, which remain subject to certain vesting conditions. |
| 2 | Common | Common Stock | 2023-06-16 | F | D | 52,883 | $2.95 | 461,693 | D | — | — | (F4) Includes 59,566 unvested restricted stock units held by the Reporting Person, which remain subject to certain vesting conditions. |
| 3 | Common | Common Stock | 2023-06-16 | D | D | 59,566 | $0.00 | 402,127 | D | — | — | |
| 4 | Derivative | Restricted Stock Units | 2023-06-16 | M | D | 68,688 | $0.00 | 0 | D | — · — to — | 68,688 Common Stock | (F1) Restricted stock units convert into shares of common stock on a one-for-one basis. (F6) The restricted stock units ("RSUs") were scheduled to vest over three years, with 1/3 of the RSUs vesting following the one-year anniversary of the date of grant, and the remaining RSUs vesting in four equal installments, commencing six months after the one-year anniversary of the date of grant and every six months thereafter until fully vested, provided that grantee is still employed on each such vesting date. In connection with the termination of the Reporting Person's employment as President and CEO of the Issuer, vesting of the remaining RSUs accelerated and the RSUs became fully vested as of the date of such termination. |