Data Storage (DTST) CEO Amend Form 4 Discloses RSU Vesting and Tax-Motivated Sale

Rhea-AI Filing Summary

Charles M. Piluso, Chairman and CEO of Data Storage Corp (DTST), filed an amended Form 4 disclosing transactions on 03/28/2025. The amendment reports that 3,390 shares of common stock were sold to satisfy tax withholding at a weighted-average price of $3.55 (individual sale prices ranged from $3.50 to $3.65). The filing also discloses the vesting of 9,416 restricted stock units (RSUs) that converted one-for-one into common stock, increasing the Reporting Person’s direct holdings to 401,659 shares. The filing details additional indirect holdings: 16,667 shares via Piluso Family Associates, 65,083 via Piluso Family Associates LLC, and 230,116 each through two trusts, for significant aggregate indirect ownership.

Positive

• RSU vesting disclosed, adding 9,416 shares to the Reporting Person's direct beneficial ownership
• Amendment improves disclosure by correcting the omission from the original Form 4 and providing vesting schedule details
• Detailed indirect ownership breakdown through Piluso Family Associates, Piluso Family Associates LLC, and two trusts

Negative

• 3,390 shares sold to satisfy tax withholding obligations at a weighted-average price of $3.55
• Original Form 4 omitted the RSU vesting, requiring this amendment

Insights

Securities Analyst

TL;DR: Amendment discloses RSU vesting and a small tax-driven sale; overall direct beneficial ownership increased to 401,659 shares.

The amended Form 4 clarifies that 9,416 RSUs vested on 03/28/2025 and converted into 9,416 shares, of which 3,390 shares were sold to satisfy tax withholding at a reported weighted-average price of $3.55. The Reporting Person’s direct holdings rose from 392,243 to 401,659 shares. The filing includes clear disclosure of multiple indirect ownership vehicles and quantifies holdings by entity, which improves transparency for investors tracking insider alignment with shareholders.

Corporate Governance Expert

TL;DR: The amendment corrects an omission by reporting RSU vesting and tax-related disposals, improving disclosure completeness.

The amendment states the RSUs were originally granted on 03/28/2023 and vest in three equal annual installments with vesting dates specified, explaining the reason for the reported sale (tax withholding). Detailed statements on indirect ownership through family entities and trusts are included, specifying relationships and trustee information, which is important for assessing control and potential voting influence.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Piluso Charles M.

(Last) (First) (Middle)

C/O DATA STORAGE CORP,

225 BROADHOLLOW ROAD, SUITE 307

(Street)

MELVILLE NY 11747

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Data Storage Corp [ DTST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
04/01/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/28/2025		S		3,390(1)	D	$3.55(2)	392,243	D
Common Stock	03/28/2025		M		9,416(3)	A	(4)	401,659	D
Common Stock								16,667	I	Piluso Family Associates(5)
Common Stock								65,083	I	Piluso Family Associates LLC(5)
Common Stock								230,116	I	The Lasata 2012 Trust date 5/4/12(6)
Common Stock								230,116	I	The Bella Vita 2012 Trust dated 5/4/12(7)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(3)	03/28/2025		M			9,416(3)	(4)	(4)	Common Stock	9,416	$0	9,417	D

Explanation of Responses:

1. Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations of Charles M. Piluso (the "Reporting Person").

2. The price reported is a weighted average price. These shares were disposed in multiple transactions at prices ranging from $3.50 through $3.65 (the "Range"), inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the Range.

3. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

4. This amendment to Form 4 is being filed to disclose the vesting of RSUs which was inadvertently omitted from the original Form 4 filed by the Reporting Person on April 1, 2025 (the "Original Form 4"), which vesting resulted in the sale of common stock to satisfy tax withholding obligations previously reported on the Original Form 4. These RSUs were granted to the Reporting Person on March 28, 2023 and vest over a three year period, in equal installments on March 28, 2024, March 28, 2025 and March 28, 2026.

5. The Reporting Person is a Managing Member of Piluso Family Associates, together with his spouse. The Reporting Person is a Managing Member of Piluso Family Associates LLC, together with his spouse.

6. The Reporting Person's spouse is the beneficiary of The Lasata 2012 Trust dated 5/4/12 (the "Lasata Trust") and the Reporting Person's spouse, together with Lawrence Maglione, a director of the Issuer, are the co-trustees of the Lasata Trust.

7. The Reporting Person is the beneficiary of The Bella Vita 2012 Trust dated 5/4/12 (the "Bella Vita Trust") and the Reporting Person, together with his spouse, are the co-trustees thereof.

	/s/ Wendy Schmittzeh, Attorney-in-fact	09/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Charles M. Piluso report on the amended Form 4 for DTST?

The amendment reports the vesting of 9,416 RSUs converting into common stock and the sale of 3,390 shares to satisfy tax withholding at a weighted-average price of $3.55.

How many shares does Charles M. Piluso directly own after the reported transactions (DTST)?

Following the reported transactions, the filing shows 401,659 shares directly beneficially owned by the Reporting Person.

Why were some DTST shares sold according to the Form 4/A?

The filing states the sale of 3,390 shares was to satisfy tax withholding obligations related to RSU vesting.

When were the RSUs originally granted and what is their vesting schedule?

The RSUs were granted on 03/28/2023 and vest in equal installments on 03/28/2024, 03/28/2025, and 03/28/2026.

Does the Form 4/A disclose indirect ownership for Piluso (DTST)?

Yes; the filing lists indirect holdings of 16,667 shares via Piluso Family Associates, 65,083 via Piluso Family Associates LLC, and 230,116 each through The Lasata 2012 Trust and The Bella Vita 2012 Trust.