Form 4: One Stop Systems CPO James Ison Reports Stock Transactions
SEC Form 4 Filing
James Ison, CPO of One Stop Systems, reports the forfeiture and transfer of common stock related to tax withholdings and a trust, respectively.
Summary
- On February 20, 2025, James Ison, CPO of One Stop Systems, reported transactions involving the company's common stock.
- Ison forfeited 7,006 shares to cover tax withholdings upon the conversion of vested restricted stock units.
- The forfeiture was executed at a price of $3.76 per share.
- Additionally, Ison transferred 7,760 shares to the James J. Ison Jr. & Sha-Marie A Ison TR UA 06 04 2020, a revocable trust where he serves as trustee and is a beneficiary.
- Following these transactions, Ison directly owns 128,907 shares and indirectly owns 214,401 shares through the trust.
- The report also indicates that Ison holds 121,147 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Related Party Transactions
- The transfer of shares to the James J. Ison Jr. & Sha-Marie A Ison TR UA 06 04 2020 trust, of which James Ison is a trustee and beneficiary, constitutes a related party transaction.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine adjustments to the insider's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/20/2023 | Date of previous Form 4 filing by the Reporting Person with the Securities and Exchange Commission regarding the grant of restricted stock units. |
| 06/04/2020 | Date of the trust: James J. Ison Jr. & Sha-Marie A Ison TR UA 06 04 2020 |
| 02/20/2025 | Date of the reported transactions: forfeiture of shares for tax withholdings and transfer of shares to a trust. |
| 03/13/2025 | Date of signature on the Form 4 filing. |
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