Form 4: Data Storage Corp Director Clifford Stein Increases Stake with RSU Grant

Data Storage Corp Director Clifford Stein has increased his beneficial ownership in the company by acquiring 7,915 shares through a restricted stock unit grant.

Summary

• Clifford Stein, a Director of Data Storage Corp (DTST), acquired 7,915 shares of common stock on June 2, 2025.
• The acquisition was made through a grant of Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
• The RSUs vested in full immediately upon grant, with an acquisition price of $0.
• Following this transaction, Mr. Stein's direct beneficial ownership of Data Storage Corp common stock stands at 280,850 shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates an increase in insider ownership, which generally aligns management interests with shareholders. However, it's a routine compensation event rather than a direct market purchase, limiting its broader market impact.

Positives

• The grant of Restricted Stock Units to Director Clifford Stein increases his direct beneficial ownership in Data Storage Corp, aligning his interests further with those of shareholders.
• The immediate vesting of the RSUs indicates a direct increase in the director's equity stake.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

Insider transactions, such as RSU grants to directors, are a common form of executive and board compensation across various industries, including the data storage sector. These grants are typically designed to align the interests of company leadership with long-term shareholder value creation.

Related Party Transactions

• The RSU grant represents a transaction between Data Storage Corp and its director, Clifford Stein, as a form of compensation.

Stakeholder Impact

• Shareholders: The increase in director ownership can be viewed positively as it enhances alignment between management and shareholder interests.

Key Dates

Keywords

Data Storage Corp, DTST, Clifford Stein, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Beneficial Ownership, Director Compensation, Equity Compensation