Stallone Nancy 4
Research Summary
AI-generated summary
Data Storage (DTST) Director Nancy Stallone Receives RSU Award
What Happened
Nancy Stallone, a director of Data Storage Corp (DTST), received a grant of 10,000 restricted stock units (RSUs) on January 29, 2026. The Form 4 reports the award as 10,000 derivative shares at a reported acquisition price of $0.00 (an RSU grant rather than a cash purchase or sale). These RSUs convert into common stock on a one-for-one basis upon vesting.
Key Details
- Transaction date: 2026-01-29; Filing date (Accession): 2026-02-02 (Form 4 filed timely).
- Transaction type: Award/Grant (derivative RSUs), amount: 10,000 RSUs, reported price: $0.00.
- Vesting: RSUs vest in full on the date of the issuer's 2026 Annual Meeting of Stockholders, subject to Ms. Stallone’s continued service (see footnote).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — RSUs convert to common stock one-for-one; F2 — vesting tied to the 2026 annual meeting and continued service.
Context
This was a standard equity compensation grant to a director, not an open-market purchase or sale. RSU awards do not immediately change outstanding common shares until they vest and convert; they are typically part of director compensation and should not be read as an immediate buy/sell signal.