Zhixin Liu - Mar 19, 2024 Form 4 Insider Report for DATASEA INC. (DTSS)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Zhixin Liu
Stock symbol
DTSS
Transactions as of
Mar 19, 2024
Transactions value $
$3,068,833
Form type
4
Date filed
3/25/2025, 04:48 PM
Previous filing
Jun 15, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTSS Common Stock Award $21.8K +22K +3.37% $0.99 675K Mar 19, 2024 Direct F1
transaction DTSS Common Stock Award $11.2K +48.6K +7.2% $0.23 724K Mar 19, 2024 Direct F2
transaction DTSS Common Stock Award $385K +75K +10.37% $5.13 799K Jun 13, 2024 Direct F1
transaction DTSS Common Stock Award $63.3K +12.3K +1.55% $5.13 811K Jun 13, 2024 Direct F2
transaction DTSS Common Stock Award $222K +45K +5.55% $4.94 856K Aug 6, 2024 Direct F1
transaction DTSS Common Stock Award $838K +399K +46.61% $2.10 1.25M Aug 19, 2024 Direct F3
transaction DTSS Common Stock Award $1.42M +690K +54.99% $2.06 1.94M Oct 15, 2024 Direct F4
transaction DTSS Common Stock Award $106K +45K +2.31% $2.36 1.99M Nov 19, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was issued shares of the Issuer's common stock as compensation in lieu of cash.
F2 The Reporting Person was issued shares of the Issuer's common stock as payment of accrued and unpaid salary.
F3 On August 9, 2024, the Issuer entered into an intellectual property purchase agreement with the Reporting Person, under which the Reporting Person transferred two intangible assets (software copyrights) personally owned by the Reporting Person to the Issuer. In consideration for the transfer, the Issuer granted the Reporting Person 398,925 shares of common stock.
F4 Pursuant to a Subscription Agreement, dated September 27, 2024, the Issuer agreed to sell, and the Reporting Person agreed to purchase, an aggregate of 690,080 shares of common stock at a purchase price of $2.06 per share (the "Purchase Price"). The Purchase Price was equal to the closing price of the common stock on The Nasdaq Capital Market on September 26, 2024, and was payable within 15 business days of September 27, 2024. On October 15, 2024, the Issuer received the Purchase Price from the Reporting Person.