[Form 4] Data Storage Corp Insider Trading Activity

Rhea-AI Filing Summary

Harold J. Schwartz, who serves as a director, president and a >10% owner of Data Storage Corp (DTST), reported the vesting and conversion of two restricted stock unit awards into common stock on September 11, 2025. Two RSU grants—one from March 1, 2023 for 4,902 shares and one from April 10, 2023 for 8,334 shares—vested in full upon the consummation of the divestiture of the company’s CloudFirst business and converted one-for-one into common shares, a total of 13,236 shares issued to the reporting person. Following these transactions the reported beneficial ownership totals shown are 892,425 shares after the first conversion and 900,759 shares after the second conversion. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on September 15, 2025.

Positive

• 13,236 shares vested and converted to common stock, increasing the reporting person's beneficial ownership
• Vesting triggered by corporate transaction (CloudFirst divestiture) provides clarity on treatment of equity awards upon the transaction

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Insider received vested RSUs tied to a divestiture, modestly increasing reported beneficial ownership.

The filing documents administrative vesting of two previously granted restricted stock units that converted one-for-one to common shares when the company completed the CloudFirst divestiture on September 11, 2025. Such treatment—acceleration or vesting upon change in corporate structure or asset sale—is a common contractual outcome and is disclosed here. The reporting person remains a significant shareholder with reported holdings rising to 900,759 shares. This is a routine disclosure of compensation-related equity settlement rather than an open-market purchase or sale.

Securities Analyst

TL;DR: The event increases insider share count by 13,236 shares due to RSU conversion; no cash transaction or option exercise is reported.

The Form 4 shows two RSU awards converting to common stock at $0 price, consistent with standard RSU vest-to-stock mechanics. Total incremental shares from this report equal 13,236. There is no reported sale, no cash proceeds, and no derivative holdings remaining post-conversion in the filing. For investors, this disclosure clarifies ownership changes tied to the company’s corporate actions but does not indicate active trading behavior by the insider.

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

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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^*

Schwartz Harold J

(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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

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

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	09/11/2025		M		4,902(1)	A	(2)	892,425	D
Common Stock	09/11/2025		M		8,334(1)	A	(3)	900,759	D

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	(1)	09/11/2025		M			4,902(1)	(2)	(2)	Common Stock	4,902	$0	0	D
Restricted Stock Unit	(1)	09/11/2025		M			8,334(1)	(3)	(3)	Common Stock	8,334	$0	0	D

Explanation of Responses:

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

2. Represents shares of the Issuer's common stock underlying the unvested portion of an RSU granted to the Reporting Person on March 1, 2023, which unvested RSUs vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025.

3. Represents shares of the Issuer's common stock underlying the unvested portion of an RSU granted to the Reporting Person on April 10, 2023, which unvested RSUs vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025.

	/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.
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FAQ

What transactions did Harold J. Schwartz report on the Form 4 for DTST?

The Form 4 reports the conversion to common stock of two RSU grants on September 11, 2025: 4,902 shares and 8,334 shares, totaling 13,236 shares.

Why did the restricted stock units vest for DTST insider Harold J. Schwartz?

The RSUs vested in full immediately upon the consummation of the divestiture of Data Storage Corp’s CloudFirst business on September 11, 2025, per the filing explanation.

How many shares did Harold J. Schwartz beneficially own after the reported transactions?

The filing shows beneficial ownership amounts of 892,425 shares following the first conversion and 900,759 shares following the second conversion.

Was there any cash paid or sale reported in this Form 4 for DTST?

No. The RSUs converted to common stock at a reported price of $0; the Form 4 does not report any sale or cash proceeds.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by /s/ Wendy Schmittzeh, Attorney-in-fact on September 15, 2025.