OSS.NASDAQOne Stop Systems, INC

Form 4: One Stop Systems CFO John Morrison Jr. Reports Stock Forfeiture for Tax Withholdings

Sentiment:

SEC Form 4 Filing

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John Morrison Jr., CFO of One Stop Systems, Inc., reported the forfeiture of 12,504 shares of common stock to cover tax withholdings upon the conversion of restricted stock units.

Summary

  • On March 25, 2024, John Morrison Jr., the CFO of One Stop Systems, Inc. (OSS), reported a transaction involving the forfeiture of company stock.
  • Morrison forfeited 12,504 shares of common stock to cover tax obligations related to the vesting of 31,333 restricted stock units (RSUs).
  • The forfeiture occurred at a price of $3.9 per share.
  • Following the transaction, Morrison directly owns 245,358 shares of OSS, which includes 87,335 unvested restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects routine tax obligations related to equity compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock transactions related to tax obligations from vested equity.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to vested stock.

Key Dates

DateDescription
03/20/2023Date 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.
03/25/2024Date of transaction: Forfeiture of shares to cover tax withholdings.
03/27/2024Date of signature on the Form 4 filing.

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