Grover Matthew 4
Research Summary
AI-generated summary
Data Storage (DTST) Director Grover Matthew Receives 10,000 RSU Award
What Happened
- Grover Matthew, a director of Data Storage Corp (DTST), received a grant of 10,000 restricted stock units (RSUs) on January 29, 2026. The award was reported as a derivative acquisition at $0.00 (no cash paid). Each RSU converts into one share of common stock upon vesting.
Key Details
- Transaction date: 2026-01-29; Form 4 filed: 2026-02-02 (timely filing).
- Grant size: 10,000 RSUs; reported price: $0.00 (award/derivative, code A).
- Vesting: RSUs vest in full on the date of the Issuer's 2026 Annual Meeting of Stockholders, subject to Mr. Grover’s continued service through that date (see footnotes F1–F2).
- Shares owned after the transaction: not specified in the provided Form 4.
- This is a compensation award (not an open‑market purchase or sale) and does not indicate an immediate cash investment by the insider.
Context
- RSUs are a form of equity compensation that convert to actual shares when they vest; until vesting they are a contingent right to future shares.
- Such awards are common for directors and executives as part of compensation and should be viewed as a retention/compensation event rather than a direct bullish or bearish trade.