John Argen - 12 Apr 2022 Form 4 Insider Report for Data Storage Corp (DTST)

Role
Director
Signature
/s/ John Argen
Issuer symbol
DTST
Transactions as of
12 Apr 2022
Transactions value $
$0
Form type
4
Filing time
14 Apr 2022, 21:31:13 UTC
Previous filing
15 Mar 2022
Next filing
25 Apr 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DTST Stock Options Award $0 +10K +10% $0.00 110K 08 Apr 2022 Common Stock 10K Direct F1
transaction DTST Restricted Stock Unit Award $0 +10K +9.09% $0.00 120K 08 Apr 2022 Common Stock 10K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options ("Options") shall be issued on a quarterly basis, in four equal installments of 2,500 Options each. The exercise price of the Options shall equal the closing price of the Issuer's common stock on the last trading day of each quarter. The Options are exercisable for a term of 10 years.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. The RSUs will be issued on a quarterly basis, in four equal installments of 2,500 RSUs each, and shall vest within one year of each date of issuance, subject to the Reporting Person being a member of the board of directors of the Issuer through each such date. The restricted stock units do not expire, they either vest or are canceled prior to vesting date.