Form 4: One Stop Systems CPO James Ison Reports Stock Transactions

James Ison, CPO of One Stop Systems, reports the forfeiture and transfer of common stock shares on May 23, 2024, according to a Form 4 filing.

Summary

• On May 23, 2024, James Ison, CPO of One Stop Systems, engaged in multiple transactions involving the company's common stock.
• He forfeited 1,031 shares to cover tax withholdings upon the conversion of 2,500 vested restricted stock units.
• The forfeiture was executed at a price of $2.41 per share.
• Additionally, Ison transferred 1,469 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 69,334 shares of common stock and indirectly owns 192,352 shares through the trust.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by an officer, with no inherent positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Related Party Transactions

• The transfer of 1,469 shares to the James J. Ison Jr. & Sha-Marie A Ison Inter Vivos Revocable Trust, of which James Ison is the trustee and beneficiary, constitutes a related party transaction.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal adjustments to Ison's stock holdings.
• The disclosure provides transparency to shareholders regarding insider activity.

Key Dates