Christos Panagiotakos - Feb 28, 2025 Form 4 Insider Report for Data Storage Corp (DTST)

Signature
/s/ Wendy Schmittzeh, Attorney-in-fact
Stock symbol
DTST
Transactions as of
Feb 28, 2025
Transactions value $
-$6,760
Form type
4
Date filed
3/4/2025, 06:27 PM
Previous filing
Jan 22, 2025
Next filing
Apr 1, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTST Common Stock Options Exercise +4.9K +14.25% 39.3K Feb 28, 2025 Direct F2
transaction DTST Common Stock Sale -$6.76K -1.77K -4.49% $3.83 37.5K Mar 3, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DTST Restricted Stock Unit Options Exercise -4.9K -50% 4.9K Feb 28, 2025 Common Stock 4.9K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations
F2 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F3 Represents the shares of the Issuer's common stock underlying a RSU grant to the Reporting Person on March 1, 2023, which RSUs vest over a three-year period, in three equal annual installments starting on February 29, 2024; February 28, 2025; and February 28, 2026, subject to the Reporting Person's continued service to the Issuer through each vesting date.