Thomas Kempster - 01 Mar 2023 Form 4 Insider Report for Data Storage Corp (DTST)

Role
EVP, Director, 10%+ Owner
Signature
/s/ Thomas Kempster
Issuer symbol
DTST
Transactions as of
01 Mar 2023
Net transactions value
$0
Form type
4
Filing time
01 Mar 2023, 18:31:39 UTC
Next filing
12 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 +14,706 +353% $0.000000 18,873 01 Mar 2023 Common Stock 14,706 Direct F1
transaction DTST Restricted Stock Unit Award $0 +14,706 +78% $0.000000 33,579 01 Mar 2023 Common Stock 14,706 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options ("Options") vest and become exercisable in three equal annual installments over the three-year period measured from March 1, 2023. The exercise price of these Options shall be equal to 110% of the closing price of the Issuer's common stock as of the date of grant. These options will expire on March 1, 2033.
F2 These restricted stock units ("RSUs") represent a contingent right to receive one share of the Issuer's common stock. These RSUs vest in three equal annual installments over the three-year period measured from March 1, 2023, subject to the Reporting Person's continued service to the Issuer through each vesting date. These restricted stock units do not have an expiration date.