Form 4: Data Storage Corp CFO Christos Panagiotakos Reports Stock Transactions
SEC Form 4
Christos Panagiotakos, CFO of Data Storage Corp, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- Christos Panagiotakos, the Chief Financial Officer of Data Storage Corp (DTST), filed a Form 4 detailing changes in beneficial ownership.
- On February 28, 2025, Panagiotakos acquired 4,902 shares of common stock through the conversion of restricted stock units (RSUs).
- Also on February 28, 2025, 4,902 RSUs were converted into common stock.
- On March 3, 2025, Panagiotakos sold 1,765 shares of common stock at a price of $3.83 per share.
- Following these transactions, Panagiotakos directly owns 37,532 shares of Data Storage Corp common stock and 4,902 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by an executive. There's no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of RSU grant to the Reporting Person |
| February 29, 2024 | First vesting date of RSUs |
| February 28, 2025 | Conversion of RSUs to common stock and second vesting date of RSUs |
| March 3, 2025 | Sale of common stock |
| March 4, 2025 | Date of signature for the Form 4 filing |
| February 28, 2026 | Final vesting date of RSUs |
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