Hoffman Joseph B. 4
4 · Data Storage Corp · Filed Apr 25, 2023
Insider Transaction Report
Form 4
Hoffman Joseph B.
Director
Transactions
- Award
Restricted Stock Units
2023-03-31+2,500→ 12,500 total→ Common Stock (2,500 underlying) - Award
Stock Options
2023-03-31+2,500→ 19,167 total→ Common Stock (2,500 underlying)
Footnotes (2)
- [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.