Form 4: Data Storage Corp Chairman Piluso Reports Stock Transactions
SEC Form 4
Charles M. Piluso, Chairman and CEO of Data Storage Corp, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- Charles M. Piluso, Chairman and CEO of Data Storage Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 28, 2025, 9,804 restricted stock units (RSUs) vested and converted into common stock.
- Also on February 28, 2025, 9,804 shares were acquired related to the vesting of the RSUs.
- On March 3, 2025, 3,529 shares of common stock were sold at a price of $3.83 per share to satisfy tax withholding obligations.
- Following these transactions, Piluso directly owns 395,633 shares of Data Storage Corp common stock.
- Piluso also has indirect ownership through Piluso Family Associates LLC (65,083 shares), The Lasata 2012 Trust (230,116 shares), and The Bella Vita 2012 Trust (230,116 shares).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 05/04/2012 | Date of The Lasata 2012 Trust and The Bella Vita 2012 Trust |
| 03/01/2023 | Date of RSU grant to the Reporting Person |
| 02/29/2024 | First vesting date of RSU grant |
| 02/28/2025 | RSU vesting and stock acquisition date |
| 03/03/2025 | Date of stock sale for tax obligations |
| 03/04/2025 | Date of Form 4 filing |
| 02/28/2026 | Final vesting date of RSU grant |
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