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

Role
Director, 10%+ Owner
Signature
/s/ Fu Liu
Issuer symbol
DTSS
Transactions as of
19 Mar 2024
Transactions value $
$2,829,171
Form type
4
Filing time
25 Mar 2025, 16:49:08 UTC
Previous filing
19 May 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 $14,520 +14,667 +3.9% $0.99 387,856 19 Mar 2024 Direct F1
transaction DTSS Common Stock Award $12,312 +53,532 +14% $0.23 441,388 19 Mar 2024 Direct F2
transaction DTSS Common Stock Award $256,500 +50,000 +11% $5.13 491,388 13 Jun 2024 Direct F1
transaction DTSS Common Stock Award $67,531 +13,164 +2.7% $5.13 504,552 13 Jun 2024 Direct F2
transaction DTSS Common Stock Award $148,200 +30,000 +5.9% $4.94 534,552 06 Aug 2024 Direct F1
transaction DTSS Common Stock Award $837,742 +398,925 +75% $2.1 933,477 19 Aug 2024 Direct F3
transaction DTSS Common Stock Award $1,421,564 +690,080 +74% $2.06 1,623,557 15 Oct 2024 Direct F4
transaction DTSS Common Stock Award $70,800 +30,000 +1.8% $2.36 1,653,557 19 Nov 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 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.