John Argen - Apr 8, 2023 Form 4/A - Amendment Insider Report for Data Storage Corp (DTST)

Role
Director
Signature
/s/ John Argen
Stock symbol
DTST
Transactions as of
Apr 8, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
4/25/2023, 06:04 AM
Date Of Original Report
Apr 14, 2022
Previous filing
Apr 25, 2023
Next filing
Apr 27, 2023

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 +300.03% $0.00 13.3K Apr 8, 2022 Common Stock 10K Direct F1, F2
transaction DTST Restricted Stock Unit Award $0 +10K $0.00 10K Apr 8, 2022 Common Stock 10K Direct F3, F4
* 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 Correction to number of derivative securities owned following reported transaction to reflect the 1-for-40 reverse stock split effected by the Issuer on May 14, 2021.
F3 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.
F4 Correction to number of derivative securities owned following the reported transaction to reflect each class in separate lines.