Kempster Thomas 4
Research Summary
AI-generated summary
Data Storage Corp (DTST) Director Kempster Thomas Receives Award
What Happened
Kempster Thomas, a director of Data Storage Corp (DTST), received a grant of 10,000 restricted stock units (RSUs) on January 29, 2026. The RSUs are recorded at $0.00 in the filing (derivative award); they convert one-for-one into common shares upon settlement. This is a compensation award to a director, not an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-01-29 — Grant/Award of 10,000 RSUs (transaction code A) at $0.00 (derivative).
- Vesting/settlement: Per filing footnotes, RSUs convert 1:1 to common stock and vest in full on the date of the issuer's 2026 Annual Meeting of Stockholders, subject to continued service.
- Shares owned after transaction: Not disclosed in this Form 4.
- Filing date / timeliness: Form 4 filed 2026-02-02. This is after the typical two-business-day deadline and appears to be a late filing (may require review for timeliness).
- Footnotes: F1 = RSUs convert into common stock one-for-one. F2 = Vesting in full on the 2026 Annual Meeting date, contingent on continued service.
Context
RSU grants to directors are a common form of compensation and do not represent an immediate purchase or sale — they only become shares if/when they vest and are settled. Because the grant is a derivative award, its eventual value depends on DTST's stock price at vesting/settlement; the Form 4 does not state a cash value at grant.