Data Storage director gets 10K shares, 12K RSUs
Data Storage Corp director Matthew Grover reported RSU vesting into common stock and a new RSU grant as part of his equity compensation.
Rhea-AI Filing Summary
Data Storage Corp (DTST) director Matthew Grover reported equity compensation activity involving restricted stock units and common shares. On September 2, 2026, 10,000 restricted stock units previously granted on January 29, 2026 vested and were converted on a one-for-one basis into 10,000 shares of common stock at a stated price of $0.00 per share. On the same date, he also received a new grant of 12,000 restricted stock units that will vest in full on the date of Data Storage Corp's 2027 Annual Meeting of Stockholders, subject to his continued service. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Exercise
3 txns
Insider
Grover Matthew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 10,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F3 | 12,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 22,000 shares (Direct)
Footnotes (3)
- F1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- F2. Represents shares of common stock underlying the RSUs granted to the Reporting Person on January 29, 2026. The RSUs vested in full on September 2, 2026, the date of the Issuer's 2026 Annual Meeting of Stockholders.
- F3. Represents the shares of the Issuer's common stock underlying a RSU grant to the Reporting Person on September 2, 2026, which RSUs will vest in full on the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to the Reporting Person's continued service to the Issuer through the vesting date.
Key Figures
RSUs converted: 10,000 units
Common shares acquired via RSU conversion: 10,000 shares
New RSU grant: 12,000 units
+3 more
6 metrics
RSUs converted
10,000 units
Restricted stock units converting into common stock on September 2, 2026
Common shares acquired via RSU conversion
10,000 shares
Shares of Data Storage Corp common stock received upon RSU vesting
New RSU grant
12,000 units
Restricted stock units granted on September 2, 2026 vesting at the 2027 Annual Meeting
Stated price per share on conversion
$0.00 per share
Price reported for 10,000 common shares issued upon RSU conversion
RSU conversion ratio
1.0
RSUs convert into common stock on a one-for-one basis
Derivative exercises reported
1 transaction
Exercise or conversion of derivative security on September 2, 2026
Key Terms
Restricted Stock Unit, Annual Meeting of Stockholders, vest in full, Rule 10b5-1
4 terms
Restricted Stock Unit financial
"Restricted stock units ("RSUs") convert into common stock on a one-for-one basis"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Annual Meeting of Stockholders financial
"the date of the Issuer's 2026 Annual Meeting of Stockholders"
vest in full financial
"The RSUs vested in full on September 2, 2026"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transactions did DTST director Matthew Grover report on September 2, 2026?
He reported 10,000 RSUs vesting and converting into 10,000 common shares and a new grant of 12,000 RSUs, all dated September 2, 2026 as equity compensation from Data Storage Corp.
What new RSU award did Matthew Grover receive from DTST on September 2, 2026?
On September 2, 2026, he received 12,000 restricted stock units from Data Storage Corp. These RSUs will vest in full on the date of the 2027 Annual Meeting of Stockholders, contingent on his continued service to the company through that date.
Were Matthew Grover’s September 2, 2026 DTST transactions under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox as not affirmed, and there is no footnote stating that the September 2, 2026 transactions were made under a Rule 10b5-1 trading plan.
What is the conversion ratio for DTST restricted stock units reported by Matthew Grover?
The filing states that the restricted stock units convert into common stock on a one-for-one basis. In this case, 10,000 RSUs converted into 10,000 shares of Data Storage Corp common stock upon vesting.
When did the vested DTST RSUs reported by Matthew Grover originally get granted?
The vested restricted stock units were originally granted on January 29, 2026. They vested in full on September 2, 2026, which was the date of Data Storage Corp’s 2026 Annual Meeting of Stockholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
