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, as well as adjustments to holdings in a trust.
Summary
- On August 20, 2024, James Ison, CPO of One Stop Systems, reported transactions involving the company's common stock.
- Ison forfeited 3,271 shares to cover tax withholdings upon conversion of restricted stock units.
- He also transferred 6,062 shares to the James J. Ison Jr. & Sha-Marie A Ison Inter Vivos Revocable Trust, of which he is the trustee and beneficiary.
- Following these transactions, Ison directly owns 104,301 shares and indirectly owns 198,414 shares through the trust.
- These shares include 104,301 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and legally required for company executives.
Related Party Transactions
- The transfer of 6,062 shares to the James J. Ison Jr. & Sha-Marie A Ison Inter Vivos Revocable Trust, of which James Ison is a trustee and beneficiary, constitutes a related party transaction.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 02/07/2022 | Date of original Form 4 filing for the restricted stock unit grant. |
| 08/20/2024 | Date of the reported transactions: stock forfeiture and transfer to trust. |
| 08/21/2024 | Date of signature on the Form 4 filing. |
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