Herbets Mitchell H 4
4 · ONE STOP SYSTEMS, INC. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
One Stop Systems Director Mitchell Herbets Sells 5,000 Shares
What Happened Mitchell H. Herbets, a director of One Stop Systems, received a grant of 11,984 restricted stock units (RSUs) on May 20, 2026 (no cash paid). On May 26, 2026 he sold 5,000 shares in an open-market transaction at $17.62 per share, generating $88,100. The sale was made to cover tax withholdings related to the conversion of previously vested RSUs into shares.
Key Details
- Grant: 11,984 RSUs granted on 2026-05-20 under the 2017 Equity Incentive Plan; these RSUs are unvested and subject to vesting conditions (Footnote F1).
- Sale: 5,000 shares sold on 2026-05-26 at $17.62 — proceeds $88,100; sale executed to satisfy tax withholding upon conversion of 21,000 vested RSUs (Footnote F3).
- Holdings after transactions: 37,000 shares of common stock plus 11,984 unvested RSUs remain reported (Footnote F4).
- Filing: Form 4 filed May 26, 2026; transaction reported in the issuer’s Form 4 (timely filing).
- Transaction codes: A = Award/Grant (RSUs); S = Sale (tax withholding/cashless cover) (Footnotes F1–F4).
Context The sale was a tax-withholding transaction tied to RSU conversion (a common administrative action), not an open-market sell-off for investment reasons. The newly granted 11,984 RSUs are unvested and do not represent immediately tradable shares.
Insider Transaction Report
Form 4
Herbets Mitchell H
Director
Transactions
- Award
Common Stock
[F1][F2]2026-05-20+11,984→ 53,984 total - Sale
Common Stock
[F3][F4]2026-05-26$17.62/sh−5,000$88,100→ 48,984 total
Footnotes (4)
- [F1]Represents 11,984 restricted stock units granted to the Reporting Person under the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan"), in connection with the Reporting Person's service as a director of the Issuer, which restricted stock units are subject to vesting conditions.
- [F2]Includes 11,984 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions and 42,000 shares of common stock.
- [F3]The Reporting Person sold 5,000 shares of common stock upon conversion of an aggregate 21,000 vested and outstanding restricted stock units into shares of common stock to cover tax withholdings, using the market price of the issuer's common stock at the time of sale. These restricted stock units were part of the grant reported in Table I of the Form 4 filed by the Reporting Person with the Securities and Exchange Commission on May 28, 2025.
- [F4]Includes 11,984 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions and 37,000 shares of common stock.
Signature
/s/ Mitchell H. Herbets|2026-05-26