Form 4: Data Storage Corp Director Harold J. Schwartz Reports Stock Transactions
SEC Form 4
Harold J. Schwartz, a director, 10% owner, and President of Data Storage Corp, reported the acquisition and disposal of common stock and restricted stock units.
Summary
- On February 28, 2025, Harold J. Schwartz acquired 4,902 shares of common stock through the vesting of restricted stock units (RSUs).
- Also on February 28, 2025, 4,902 RSUs converted into common stock.
- On March 3, 2025, Schwartz sold 2,333 shares of common stock at a price of $3.83 per share.
- Following these transactions, Schwartz beneficially owns 862,887 shares of Data Storage Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- The sale of shares to cover tax obligations is a normal part of executive compensation and shouldn't significantly affect stakeholders.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of RSU grant to the Reporting Person. |
| February 29, 2024 | First vesting date of RSU grant. |
| February 28, 2025 | Second vesting date of RSU grant and conversion of RSUs to common stock. |
| February 28, 2026 | Third vesting date of RSU grant. |
| February 28, 2025 | Transaction date for RSU conversion. |
| March 03, 2025 | Transaction date for sale of common stock. |
| March 04, 2025 | Date of signature for the report. |
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