Data Storage Corp insider report: RSUs convert to 19,221 shares on 09/11/2025

Rhea-AI Filing Summary

Data Storage Corp (DTST) insider filing shows automatic vesting of restricted stock units upon a business divestiture and a correction to previously reported ownership. The reporting person, Charles M. Piluso, had two RSU awards convert one-for-one into common stock on 09/11/2025, totaling 9,804 and 9,417 shares (combined 19,221 shares) that vested immediately upon consummation of the divestiture of the Company’s CloudFirst business. The Form 4 lists multiple direct and indirect holdings, including interests through Piluso Family Associates (16,667 shares), Piluso Family Associates LLC (65,083 shares), The Lasata 2012 Trust (230,116 shares) and The Bella Vita 2012 Trust (230,116 shares).

The filing notes an adjustment correcting an immaterial error in the previously reported post-transaction beneficial ownership amount disclosed on a prior Form 4 filed 06/11/2025.

Positive

• 19,221 RSUs vested (9,804 and 9,417) on 09/11/2025, converting one-for-one into common stock
• Transparent disclosure of indirect holdings through Piluso Family Associates, Piluso Family Associates LLC, and two trusts

Negative

• Prior Form 4 required a correction to the amount of securities beneficially owned (described as immaterial)

Insights

Corporate Governance Expert

TL;DR: Two RSU grants vested on consummation of a divestiture, increasing the insider's direct holdings by 19,221 shares; prior filing was corrected.

The transactions are non-discretionary vesting events tied to the consummation of the CloudFirst divestiture on 09/11/2025, not open-market purchases or sales. From a governance perspective, accelerated vesting on corporate transactions is common and aligns management incentives with transaction completion. The filing also discloses multiple indirect holdings through family entities and trusts, which is important for understanding aggregate insider control. The note correcting an immaterial error in a prior Form 4 suggests attention to reporting accuracy but does not, on its face, indicate substantive governance issues.

Securities Analyst

TL;DR: The report documents the conversion of RSUs into 19,221 shares upon a divestiture; holdings across entities total several hundred thousand shares.

For investors tracking insider ownership, the direct vesting of 19,221 shares increases the reporting person's immediate stake, while indirect holdings via family entities and trusts sum to meaningful positions (each trust holding 230,116 shares). The filing contains a retrospective adjustment to prior beneficial ownership figures described as immaterial. These entries are routine disclosures of compensation-related vesting and ownership structure rather than active trading.

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)
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		9,804(1)	A	(2)	423,963(7)	D
Common Stock	09/11/2025		M		9,417(1)	A	(3)	433,380(7)	D
Common Stock								16,667	I	Piluso Family Associates(4)
Common Stock								65,083	I	Piluso Family Associates LLC(4)
Common Stock								230,116	I	The Lasata 2012 Trust date 5/4/12(5)
Common Stock								230,116	I	The Bella Vita 2012 Trust dated 5/4/12(6)

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			9,804(1)	(2)	(2)	Common Stock	9,804	$0	0	D
Restricted Stock Unit	(1)	09/11/2025		M			9,417(1)	(3)	(3)	Common Stock	9,417	$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 March 28, 2023, which unvested RSUs vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025.

4. 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.

5. 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.

6. 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.

7. The amount of securities beneficially owned following the reported transaction by the Reporting Person is correctly reported on this Form 4. The amount of securities beneficially owned following the reported transaction by the Reporting Person has been adjusted to correct an immaterial error in the amount of securities beneficially owned following the reported transaction as disclosed in a prior Form 4 filing that was filed with the Securities and Exchange Commission on 06/11/2025.

	/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.
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 transactions did Charles M. Piluso report on Form 4 for DTST?

The Form 4 reports vesting of two restricted stock unit awards on 09/11/2025 totaling 19,221 shares (9,804 and 9,417 shares) that converted one-for-one into common stock upon the divestiture of the CloudFirst business.

How many shares does the filing show held indirectly by Piluso-related entities?

The filing reports indirect holdings of 16,667 shares (Piluso Family Associates), 65,083 shares (Piluso Family Associates LLC), and 230,116 shares each for The Lasata 2012 Trust and The Bella Vita 2012 Trust.

Did the Form 4 include any corrections to prior filings?

Yes. The filing states the amount of securities beneficially owned following the reported transactions was adjusted to correct an immaterial error in a Form 4 filed on 06/11/2025.

Were these reported transactions open-market trades?

No. The reported entries are vesting conversions of RSUs into common stock triggered by the consummation of the CloudFirst divestiture, not purchases or sales in the market.

On what date did the RSUs vest and convert to common stock?

Both RSU grants vested and converted on 09/11/2025 upon the consummation of the CloudFirst business divestiture.