One Stop Systems (OSS) director sale covers taxes on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONE STOP SYSTEMS, INC. director Mitchell H. Herbets reported both an equity award and a related share sale. He received 11,984 restricted stock units as compensation for his board service, granted under the company’s 2017 Equity Incentive Plan and subject to vesting conditions.
He then sold 5,000 shares of common stock at $17.62 per share, with the footnotes explaining this sale was made to cover tax withholdings after 21,000 vested restricted stock units were converted into shares. Following these transactions, he directly holds 48,984 shares, consisting of 11,984 unvested restricted stock units and 37,000 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($88,100)
Net Sell
2 txns
Insider
Herbets Mitchell H
Role
Director
Sold
5,000 shs ($88K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $17.62 | $88K |
| Grant/Award | Common Stock | 11,984 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 48,984 shares (Direct)
Footnotes (1)
- Represents 11,984 restricted stock units granted to the Reporting Person under the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan"), in connection with the Reporting Person's service as a director of the Issuer, which restricted stock units are subject to vesting conditions. Includes 11,984 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions and 42,000 shares of common stock. The Reporting Person sold 5,000 shares of common stock upon conversion of an aggregate 21,000 vested and outstanding restricted stock units into shares of common stock to cover tax withholdings, using the market price of the issuer's common stock at the time of sale. These restricted stock units were part of the grant reported in Table I of the Form 4 filed by the Reporting Person with the Securities and Exchange Commission on May 28, 2025. Includes 11,984 unvested restricted stock units held by the Reporting Person, all of which remain subject to certain vesting conditions and 37,000 shares of common stock.
Key Figures
Shares sold: 5,000 shares
Sale price: $17.62 per share
RSUs granted: 11,984 units
+4 more
7 metrics
Shares sold
5,000 shares
Open-market sale on May 26, 2026
Sale price
$17.62 per share
Price for 5,000-share sale
RSUs granted
11,984 units
Restricted stock units granted on May 20, 2026
RSUs converted
21,000 units
Vested RSUs converted to shares before tax sale
Holdings after transactions
48,984 shares
Total direct holdings after sale and award
Common shares held
37,000 shares
Common stock held after transactions
Unvested RSUs held
11,984 units
Unvested restricted stock units remaining
Key Terms
restricted stock units, 2017 Equity Incentive Plan, vesting conditions, tax withholdings, +1 more
5 terms
restricted stock units financial
"Represents 11,984 restricted stock units granted to the Reporting Person under the Issuer's 2017 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2017 Equity Incentive Plan financial
"granted to the Reporting Person under the Issuer's 2017 Equity Incentive Plan, as amended"
vesting conditions financial
"which restricted stock units are subject to vesting conditions"
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
tax withholdings financial
"sold 5,000 shares of common stock ... to cover tax withholdings"
Form 4 regulatory
"reported in Table I of the Form 4 filed by the Reporting Person"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did OSS director Mitchell H. Herbets report?
Mitchell H. Herbets reported an equity award and a tax-related sale. He received 11,984 restricted stock units for board service and sold 5,000 common shares, with the sale tied to covering taxes on vested restricted stock units.
What equity award did the OSS director receive in this Form 4 filing?
He received 11,984 restricted stock units as a grant for his service as a director. These units were issued under ONE STOP SYSTEMS’ 2017 Equity Incentive Plan and remain subject to specified vesting conditions before they convert into common shares.
Are the new restricted stock units held by the OSS director vested?
No, the 11,984 restricted stock units granted to the director remain unvested. The filing notes they are subject to vesting conditions under the company’s 2017 Equity Incentive Plan, meaning they will convert into shares only as those conditions are met.