Fu Liu - Dec 31, 2021 Form 4 Insider Report for DATASEA INC. (DTSS)

Role: Director, 10%+ Owner
Signature: /s/ Fu Liu
Stock symbol: DTSS
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/19/2023, 09:17 PM
Previous filing: Oct 29, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DTSS	Common Stock	Award	$0	+121K	+2.22%	$0.00	5.57M	Dec 31, 2021	Direct	F1
transaction	DTSS	Common Stock	Award	$0	+30K	+0.54%	$0.00	5.6M	Apr 1, 2022	Direct	F2
transaction	DTSS	Common Stock	Award	$0	+500K	+8.93%	$0.00	6.1M	Apr 5, 2023	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person was granted shares of the Issuer's common stock (the "Shares") under the Issuer's 2018 Equity Incentive Plan, vesting immediately with an agreement between the reporting person and the Issuer that the reporting person shall not dispose, sell or transfer the Shares for at least six months plus one day following the date of grant. The Shares were granted as the reporting person's compensation for serving as the Issuer's director during the period from October 1, 2021 to December 1, 2021 based on a compensation arrangement between the reporting person and the Issuer pursuant to which the reporting person shall receive monthly compensation of 10,000 shares of the Issuer's common stock on a quarterly basis. During the three months ended December 31, 2021, the Company issued 91,152 shares to the Company's director in lieu of payment for salary payable.
F2	The reporting person was granted shares of the Issuer's common stock (the "Shares") under the Issuer's 2018 Equity Incentive Plan, vesting immediately with an agreement between the reporting person and the Issuer that the reporting person shall not dispose, sell or transfer the Shares for at least six months plus one day following the date of grant. The Shares were granted as the reporting person's compensation for serving as the Issuer's CEO during the period from January 1, 2022 to March 1, 2022 based on a compensation arrangement between the reporting person and the Issuer pursuant to which the reporting person shall receive monthly compensation of 10,000 shares of the Issuer's common stock on a quarterly basis.
F3	The reporting person was granted 500,000 restricted shares of the Issuer's common stock (the "Shares") under the Issuer's 2018 Equity Incentive Plan, in consideration of the valuable contributions made to the Company as a founder and director.