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, including shares to a family trust, following the conversion of restricted stock units.

Summary

• On March 25, 2024, James Ison, CPO of One Stop Systems, engaged in several transactions involving the company's common stock.
• Ison forfeited 9,677 shares to cover tax withholdings upon the conversion of 25,333 vested restricted stock units.
• The forfeiture was executed at a price of $3.9 per share.
• Ison also transferred 15,656 shares to the James J. Ison Jr. & Sha-Marie A Ison Inter Vivos Revocable Trust, for which he serves as trustee and is a beneficiary.
• The transfer to the trust was executed at a price of $0.00.
• Following these transactions, Ison directly owns 87,490 shares and indirectly owns 190,883 shares through the trust.
• The direct holdings include 71,834 unvested restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

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 15,656 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 in this filing have a minimal direct impact on stakeholders, as they primarily reflect internal adjustments to the reporting person's holdings.

Key Dates