Data Storage Corp — Director's Dealing 2023

Apr 25, 2023

SEC Form 4/A — Form 4/A

Issuer: Data Storage Corp (DTST)
CIK: 0001419951
Period of Report: 2023-04-08

Reporting Person: Grover Matthew (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-08	Stock Options	$	A	10000	Acquired		Common Stock (10000)	Direct
2022-04-08	Restricted Stock Unit	$	A	10000	Acquired		Common Stock (10000)	Direct

Footnotes

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.