4/A: 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, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 28, 2025, Harold J Schwartz vested 4,902 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
- Also on February 28, 2025, 4,902 shares were acquired.
- On March 3, 2025, Schwartz sold 1,373 shares of Data Storage Corp common stock at a price of $3.83 per share to satisfy tax withholding obligations.
- Following these transactions, Schwartz directly owns 863,847 shares of Data Storage Corp.
- The RSUs were granted on March 1, 2023, and vest in three equal annual installments starting on February 29, 2024, February 28, 2025, and February 28, 2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It provides transparency to the market regarding insider activity.
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 |
|---|---|
| 2023-03-01 | RSU grant date |
| 2024-02-29 | First RSU vesting date |
| 2025-02-28 | RSU vesting date and acquisition of shares |
| 2025-03-03 | Sale of shares to cover tax obligations |
| 2025-03-04 | Date of Original Filed (Month/Day/Year) |
| 2025-03-12 | Signature date of the report |
| 2026-02-28 | Final RSU vesting date |
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