Charles M. Piluso - 28 Feb 2025 Form 4 Insider Report for Data Storage Corp (DTST)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Wendy Schmittzeh, Attorney-in-fact
Issuer symbol
DTST
Transactions as of
28 Feb 2025
Net transactions value
-$13,516
Form type
4
Filing time
04 Mar 2025, 18:23:17 UTC
Previous filing
22 Jan 2025
Next filing
15 Sep 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTST Common Stock Options Exercise +9,804 +2.5% 399,162 28 Feb 2025 Direct F2
transaction DTST Common Stock Sale $13,516 -3,529 -0.88% $3.83 395,633 03 Mar 2025 Direct F1
holding DTST Common Stock 65,083 28 Feb 2025 Piluso Family Associates LLC F4
holding DTST Common Stock 230,116 28 Feb 2025 The Lasata 2012 Trust date 5/4/12 F5
holding DTST Common Stock 230,116 28 Feb 2025 The Bella Vita 2012 Trust dated 5/4/12 F6

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 -9,804 -50% 9,804 28 Feb 2025 Common Stock 9,804 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.
F4 The Reporting Person is a Managing Member of Piluso Family Associates, together with his spouse. The Reporting Person is a Managing Member of Piluso Family Associates LLC, together with his spouse.
F5 The Reporting Person's spouse is the beneficiary of The Lasata 2012 Trust dated 5/4/12 ("The Lasata Trust") and the Reporting Person's spouse, together with Lawrence Maglione, a director of the Issuer, are the co-trustees of the Lasata Trust.
F6 The Reporting Person is the beneficiary of The Bella Vita 2012 Trust dated 5/4/12 ("The Bella Vita Trust") and the Reporting Person, together with his spouse, are the co-trustees thereof.