DTST.NASDAQData Storage CORP

Form 4: Data Storage Corp CFO Christos Panagiotakos Reports Stock Transaction

Sentiment:

SEC Form 4 Filing

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Christos Panagiotakos, CFO of Data Storage Corp, reports the vesting of restricted stock units and subsequent conversion to common stock.

Summary

  • On March 27, 2024, Christos Panagiotakos, the Chief Financial Officer of Data Storage Corp, had 5,564 restricted stock units (RSUs) vest and convert into common stock.
  • These RSUs were granted on March 28, 2023, and vest in equal installments over three years.
  • Following the transaction, Panagiotakos directly owns 29,664 shares of common stock and 11,129 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions, and does not contain information that would significantly impact sentiment positively or negatively.

Positives

  • The vesting of RSUs indicates continued service and commitment of the CFO to the company.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

  • The transaction affects the CFO's ownership stake in the company, which is of interest to shareholders.

Key Dates

DateDescription
03/28/2023Date the restricted stock units were granted to the Reporting Person
03/27/2024Date of the transaction: vesting of restricted stock units and conversion to common stock
03/27/2025Next vesting date for restricted stock units
03/27/2026Final vesting date for restricted stock units
04/02/2024Date of signature by Attorney-in-fact

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