Form 4: Data Storage Corp Executive Thomas Kempster Reports Stock Transactions
SEC Form 4
Thomas Kempster, an executive at Data Storage Corp, reports the vesting and sale of common stock to cover tax obligations.
Summary
- On April 10, 2025, Thomas Kempster, an EVP, Director, and 10% Owner of Data Storage Corp, had restricted stock units convert into 8,333 shares of common stock.
- Simultaneously, Kempster sold 2,333 shares at $3.25 per share to satisfy tax withholding obligations.
- Following these transactions, Kempster directly owns 839,112 shares of Data Storage Corp common stock.
- The reported transactions were made pursuant to a previously established 10b5-1(c) trading plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity related to compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to be significant given the relatively small volume.
Key Dates
| Date | Description |
|---|---|
| 04/10/2023 | Date of RSU grant to the Reporting Person |
| 04/10/2024 | First vesting date of RSU grant |
| 04/10/2025 | Date of transaction: RSU conversion and stock sale |
| 04/10/2026 | Final vesting date of RSU grant |
| 04/14/2025 | Date of signature on the Form 4 filing |
Keywords
Data Storage Corp, DTST, Thomas Kempster, Form 4, Stock Transaction, Restricted Stock Units, Beneficial Ownership, Insider Trading
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