DTST.NASDAQData Storage CORP
Form 4: Data Storage Corp Executive Thomas Kempster Reports Stock Transactions
Sentiment:
SEC Form 4
Thomas Kempster, an executive at Data Storage Corp, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 28, 2025, Thomas Kempster, an EVP, Director, and 10% Owner of Data Storage Corp, had 4,902 restricted stock units (RSUs) vest and convert into common stock.
- Following the vesting, Kempster sold 1,373 shares of common stock on March 3, 2025, at a price of $3.83 per share to satisfy tax withholding obligations.
- After these transactions, Kempster directly owns 833,112 shares of Data Storage Corp common stock.
- 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: This is a routine disclosure of stock transactions, neither particularly positive nor negative.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date of RSU grant to the Reporting Person |
| 02/29/2024 | First vesting date of RSU grant |
| 02/28/2025 | RSUs vest and convert into common stock |
| 03/03/2025 | Shares of common stock sold to satisfy tax withholding obligations |
| 03/04/2025 | Date of signature |
| 02/28/2026 | Final vesting date of RSU grant |
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