Todd A. Correll - 31 Mar 2023 Form 4 Insider Report for Data Storage Corp (DTST)

Role
Director
Signature
/s/ Todd Correll
Issuer symbol
DTST
Transactions as of
31 Mar 2023
Transactions value $
$0
Form type
4
Filing time
25 Apr 2023, 06:13:23 UTC
Previous filing
14 Apr 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 +2.5K +7.22% $0.00 37.1K 31 Mar 2023 Common Stock 2.5K Direct F1
transaction DTST Restricted Stock Unit Award $0 +2.5K +25% $0.00 12.5K 31 Mar 2023 Common Stock 2.5K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Todd A. Correll is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These options ("Options") vest over a three year period in three equal annual installments. The exercise price of these 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. These RSUs vest within one year from the date of issuance, subject to the Reporting Person being a member of the board of directors of the Issuer through such date. These restricted stock units do not expire, they either vest or are canceled prior to vesting date.