Hoffman Joseph B. 4
4 · Data Storage Corp · Filed Apr 14, 2022
Insider Transaction Report
Form 4
Hoffman Joseph B.
Director
Transactions
- Award
Stock Options
2022-04-08+10,000→ 10,000 total→ Common Stock (10,000 underlying) - Award
Restricted Stock Units
2022-04-08+10,000→ 10,000 total→ Common Stock (10,000 underlying)
Footnotes (2)
- [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]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.