Form 4: One Stop Systems CFO John Morrison Jr. Reports Stock Forfeiture for Tax Withholdings
SEC Form 4 Filing
John Morrison Jr., CFO of One Stop Systems, Inc., reported the forfeiture of 1,257 shares of common stock to cover tax withholdings upon the conversion of restricted stock units.
Summary
- On May 23, 2024, John Morrison Jr., the CFO of One Stop Systems, Inc., reported a transaction involving the forfeiture of 1,257 shares of common stock.
- The forfeiture was a result of converting 3,334 vested restricted stock units into shares of common stock.
- The forfeited shares were used to cover tax withholdings related to the conversion.
- The price per share used for the forfeiture was $2.41.
- Following the transaction, Morrison directly owns 244,101 shares of common stock, which includes 84,001 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This Form 4 filing represents a routine transaction related to executive compensation and tax obligations, and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It doesn't necessarily reflect a strategic shift or significant event for One Stop Systems.
Key Dates
| Date | Description |
|---|---|
| 05/21/2021 | Date of original grant of Restricted Stock Units reported in Table I of the Form 4 filed by the Reporting Person with the Securities and Exchange Commission. |
| 05/23/2024 | Date of transaction: forfeiture of shares for tax withholdings. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.