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

Signature
/s/ Zhixin Liu
Stock symbol
DTSS
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
5/19/2023, 09:19 PM
Previous filing
Oct 29, 2021
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTSS Common Stock Award $0 +121K +1.26% $0.00 9.75M Dec 31, 2021 Direct F1
transaction DTSS Common Stock Award $0 +45K +0.46% $0.00 9.79M Apr 1, 2022 Direct F2
* 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 CEO 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 15,000 shares of the Issuer's common stock on a quarterly basis. During the three months ended December 31, 2021, the Company issued 75,960 shares to the Company's CEO 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 15,000 shares of the Issuer's common stock on a quarterly basis.