0001209191-23-038948.txt : 20230621 0001209191-23-038948.hdr.sgml : 20230621 20230621202643 ACCESSION NUMBER: 0001209191-23-038948 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230616 FILED AS OF DATE: 20230621 DATE AS OF CHANGE: 20230621 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RAUN DAVID CENTRAL INDEX KEY: 0001219078 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38371 FILM NUMBER: 231031284 MAIL ADDRESS: STREET 1: 870 MAUDE AVENUE CITY: SUNNVALE STATE: CA ZIP: 94085 FORMER NAME: FORMER CONFORMED NAME: RAUN DAVID K DATE OF NAME CHANGE: 20030214 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ONE STOP SYSTEMS, INC. CENTRAL INDEX KEY: 0001394056 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] IRS NUMBER: 330885351 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2235 ENTERPRISE ST STE 110 CITY: ESCONDIDO STATE: CA ZIP: 92029 BUSINESS PHONE: 760-745-9883 MAIL ADDRESS: STREET 1: 2235 ENTERPRISE ST STE 110 CITY: ESCONDIDO STATE: CA ZIP: 92029 FORMER COMPANY: FORMER CONFORMED NAME: ONE STOP SYSTEMS INC DATE OF NAME CHANGE: 20070322 4 1 doc4.xml FORM 4 SUBMISSION X0407 4 2023-06-16 0 0001394056 ONE STOP SYSTEMS, INC. OSS 0001219078 RAUN DAVID 2235 ENTERPRISE STREET #110 ESCONDIDO CA 92029 1 1 0 0 President and CEO 0 Common Stock 2023-06-16 4 M 0 68688 A 514576 D Common Stock 2023-06-16 4 F 0 52883 2.95 D 461693 D Common Stock 2023-06-16 4 D 0 59566 0.00 D 402127 D Restricted Stock Units 2023-06-16 4 M 0 68688 0.00 D Common Stock 68688 0 D Restricted stock units convert into shares of common stock on a one-for-one basis. Includes 134,000 unvested restricted stock units held by the Reporting Person, which remain subject to certain vesting conditions. The Reporting Person forfeited 52,883 shares of common stock upon conversion of 143,122 vested and outstanding restricted stock units into shares of common stock to cover tax withholdings, 68,688 of which restricted stock units were reported in Table II and the remaining 74,434 restricted stock units were reported in Table I, using the market price of the Issuer's common stock at the time of forfeiture. Includes 59,566 unvested restricted stock units held by the Reporting Person, which remain subject to certain vesting conditions. The Reporting Person forfeited 59,566 unvested restricted stock units in connection with the termination of the Reporting Person's employment as President and CEO of the Issuer. As a result, the Reporting Person no longer holds any unvested restricted stock units. The restricted stock units ("RSUs") were scheduled to vest over three years, with 1/3 of the RSUs vesting following the one-year anniversary of the date of grant, and the remaining RSUs vesting in four equal installments, commencing six months after the one-year anniversary of the date of grant and every six months thereafter until fully vested, provided that grantee is still employed on each such vesting date. In connection with the termination of the Reporting Person's employment as President and CEO of the Issuer, vesting of the remaining RSUs accelerated and the RSUs became fully vested as of the date of such termination. /s/ David Raun 2023-06-21