Reardon James M 4
4 · ONE STOP SYSTEMS, INC. · Filed Feb 24, 2021
Insider Transaction Report
Form 4
Reardon James M
President, CDI
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-02-22−833→ 1,668 total→ Common Stock (833 underlying) - Exercise/Conversion
Common Stock
2021-02-22+833→ 1,119,532 total - Tax Payment
Common Stock
2021-02-22$6.17/sh−220$1,357→ 1,119,312 total
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]The reporting person received 833 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 220 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the market price of the issuer's common stock at the time of forfeiture.
- [F3]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.