Grover Matthew 4
4 · Data Storage Corp · Filed Jul 2, 2024
Insider Transaction Report
Form 4
Grover Matthew
Director
Transactions
- Exercise/Conversion
Common Stock
2024-06-30+2,500→ 25,000 total - Award
Common Stock
2024-06-30+2,500→ 27,500 total - Exercise/Conversion
Restricted Stock Unit
2024-06-30−2,500→ 0 total→ Common Stock (2,500 underlying) - Award
Option to Purchase Stock
2024-06-30+2,500→ 2,500 totalExercise: $6.56Exp: 2034-06-30→ Common Stock (2,500 underlying)
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis and represent a contingent right to receive one share of the Issuer's common stock.
- [F2]On June 30, 2023 the reporting person was granted 2,500 RSUs, which vested on June 30, 2024. The total amount of securities beneficially owned after this issuance reflects a correction from the Form 4 filed by Mr. Grover on January 3, 2024, which should have disclosed 17,500 shares beneficially owned at that time rather than 17,250.
- [F3]Represents the shares of the Issuer's common stock underlying an RSU grant to Mr. Grover on June 30, 2024, which RSUs vest on the one-year anniversary of the date of grant.
- [F4]These options ("Options") vest and become exercisable in three equal annual installments over the three-year period measured from June 30, 2024, vesting commencing on June 30, 2025. These Options will expire on June 30, 2034.