Harold J. Schwartz - 10 Apr 2025 Form 4 Insider Report for Data Storage Corp (DTST)

Signature
/s/ Wendy Schmittzeh, Attorney-in-fact
Issuer symbol
DTST
Transactions as of
10 Apr 2025
Net transactions value
-$7,582
Form type
4
Filing time
14 Apr 2025, 16:26:01 UTC
Previous filing
12 Mar 2025
Next filing
11 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTST Common Stock Options Exercise +8,333 +0.96% 872,180 10 Apr 2025 Direct F1
transaction DTST Common Stock Sale $7,582 -2,333 -0.27% $3.25 869,847 10 Apr 2025 Direct F2

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 -8,333 -50% 8,334 10 Apr 2025 Common Stock 8,333 Direct F1, 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 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations.
F3 Represents the shares of the Issuer's common stock underlying a RSU grant to the Reporting Person on April 10, 2023, which RSUs vest over a three-year period, in three equal annual installments starting on April 10, 2024; April 10, 2025; and April 10, 2026, subject to the Reporting Person's continued service to the Issuer through each vesting date.