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Data Storage Corp (DTST) CFO receives 125,000 options and 60,000 RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Data Storage Corp Chief Financial Officer Christos Panagiotakos reported equity awards that increase his direct ownership stake. He received stock options for 125,000 shares at an exercise price of $0.0000 per share and a grant of 60,000 shares of common stock underlying restricted stock units.

Both the options and RSUs vest in three equal installments on May 20, 2027, May 20, 2028, and May 20, 2029. After the common stock award, his directly held common shares total 100,507, aligning his compensation more closely with shareholder outcomes over a multi-year period.

Positive

  • None.

Negative

  • None.

Insights

CFO receives multi-year equity awards aligning pay with stock performance.

The CFO of Data Storage Corp was granted stock options on 125,000 shares and RSUs on 60,000 shares, both at a price of $0.0000 per share. These are compensatory grants rather than open-market purchases.

Vesting is spread equally across May 20, 2027, May 20, 2028, and May 20, 2029, which encourages longer-term retention and performance focus. His directly held common stock rises to 100,507 shares, increasing exposure to the company’s equity. Future filings may show additional grants or exercises as the awards vest.

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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Panagiotakos Christos

(Last) (First) (Middle)
C/O DATA STORAGE CORP
244 5TH AVENUE, SUITE 2821

(Street)
NEW YORK NY 10001

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026
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 02/13/2026 A 60,000(1) A $0 100,507 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
Stock Options $4.4 02/13/2026 A 125,000(2) 05/20/2027 02/12/2036 Common Stock 125,000 $0 125,000 D
Explanation of Responses:
1. Represents the shares of the Issuer's common stock underlying a grant of a restricted stock unit ("RSU") to the Reporting Person on February 13, 2026, which will vest one-third on each of May 20, 2027, May 20, 2028, and May 20, 2029. RSUs convert into common stock on a one-for-one basis.
2. These options ("Options") will vest and become exercisable one-third on each of May 20, 2027, May 20, 2028, and May 20, 2029.
/s/ Wendy Schmittzeh, Attorney-in-fact 02/18/2026
** 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 equity awards did Data Storage Corp (DTST) grant to its CFO?

Data Storage Corp granted its CFO stock options on 125,000 shares and restricted stock units covering 60,000 shares of common stock. Both awards carry a grant price of $0.0000 per share, indicating they are compensation-based rather than open-market transactions.

How do the new stock option grants for DTST’s CFO vest over time?

The 125,000 stock options granted to DTST’s CFO vest in three equal installments. They become exercisable one-third on May 20, 2027, one-third on May 20, 2028, and the final third on May 20, 2029, creating a long-term incentive structure.

What are the vesting terms of the DTST CFO’s restricted stock units?

The 60,000-share restricted stock unit grant vests in three equal parts on May 20, 2027, May 20, 2028, and May 20, 2029. Each RSU converts into one share of common stock, directly increasing the CFO’s share ownership upon vesting.

Did the DTST CFO buy or sell any shares on the open market in this Form 4?

The Form 4 shows only grant or award transactions, not open-market trades. The CFO acquired stock options and RSUs at a price of $0.0000 per share, which are standard equity compensation awards rather than discretionary buying or selling of existing shares.

How many DTST common shares does the CFO own after these awards?

Following the February 13, 2026 grant, the CFO directly owns 100,507 shares of Data Storage Corp common stock. This figure reflects his non-derivative holdings and excludes the additional potential shares from unexercised options and unvested restricted stock units.

What securities are covered by the derivative transaction in DTST’s Form 4?

The derivative transaction in the Form 4 covers stock options on 125,000 shares of Data Storage Corp common stock. These options vest one-third each on May 20, 2027, May 20, 2028, and May 20, 2029, and were granted with an exercise price of $0.0000.
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