RAUN DAVID 4
4 · ONE STOP SYSTEMS, INC. · Filed Dec 23, 2021
Insider Transaction Report
Form 4
RAUN DAVID
Director
Transactions
- Tax Payment
Common Stock
2021-12-23$4.64/sh−36,096$167,485→ 190,551 total - Exercise/Conversion
Restricted Stock Units
2021-12-23−68,688→ 206,062 total→ Common Stock (68,688 underlying) - Exercise/Conversion
Common Stock
2021-12-23+68,688→ 226,647 total
Footnotes (3)
- [F1]Restricted stock units convert into shares of common stock on a one-for-one basis.
- [F2]The Reporting Person received 68,688 shares of common stock upon vesting of the restricted stock units, as reported in this Form 4. The Reporting Person forfeited 36,096 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]The restricted stock units ("RSUs") shall 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 shall vest 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.