Thomas Kempster - 10 Apr 2023 Form 4 Insider Report for Data Storage Corp (DTST)

Role: EVP, Director, 10%+ Owner
Signature: /s/ Thomas C. Kempster
Issuer symbol: DTST
Transactions as of: 10 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 12 Apr 2023, 20:45:32 UTC
Previous filing: 01 Mar 2023
Next filing: 04 Jan 2024
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	+25,000	+132%	$0.000000	43,873	10 Apr 2023	Common Stock	25,000		Direct	F1
transaction	DTST	Restricted Stock Unit	Award	$0	+25,000	+170%	$0.000000	39,706	10 Apr 2023	Common Stock	25,000		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 starting on April 10, 2024. The exercise price of these Options shall be equal to the closing price of the Issuer's common stock on each vesting date. These options will expire on April 10, 2033.
F2	These restricted stock units ("RSUs") represent a contingent right to receive one share of the Issuer's common stock. These RSUs vest over a three-year period, in three equal annual installments starting on April 10, 2024; April 10, 2025; and April 10, 2026, 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.

Content

These options ("Options") vest and become exercisable in three equal annual installments starting on April 10, 2024. The exercise price of these Options shall be equal to the closing price of the Issuer's common stock on each vesting date. These options will expire on April 10, 2033.

These restricted stock units ("RSUs") represent a contingent right to receive one share of the Issuer's common stock. These RSUs vest over a three-year period, in three equal annual installments starting on April 10, 2024; April 10, 2025; and April 10, 2026, 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.