Morrison John W Jr. 4
4 · ONE STOP SYSTEMS, INC. · Filed Feb 14, 2023
Insider Transaction Report
Form 4
Morrison John W Jr.
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2023-02-10+2,500→ 180,896 total - Tax Payment
Common Stock
2023-02-10$3.49/sh−1,079$3,766→ 179,817 total - Exercise/Conversion
Restricted Stock Unit
2023-02-10−2,500→ 0 total→ Common Stock (2,500 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Includes 66,001 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions
- [F3]The reporting person received 2,500 shares of common stock upon vesting of the Restricted Stock Units, as reported in this Form 4. The reporting person forfeited 1,079 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.
- [F4]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.