Piluso Charles M. 4/A
Research Summary
AI-generated summary
Data Storage (DTST) 10% Owner Charles Piluso Receives RSU Award
What Happened
- Charles M. Piluso, a reported 10% owner of Data Storage Corp (DTST), was granted a restricted stock unit (RSU) award representing 160,600 shares on February 9, 2026. The reported acquisition price is $0.00 (standard for equity awards); no cash changed hands at grant.
Key Details
- Transaction type: Award/Grant (Form 4 code A). Date of grant: 2026-02-09. Price per share reported: $0.00; total cash consideration: $0.
- Vesting: The RSUs vest in full on May 20, 2026 and convert one-for-one into common stock (footnote F1).
- Filing status: This is an AMENDED Form 4 (filed 2026-02-12) correcting the original filing (which incorrectly showed immediate vesting on the grant date).
- Shares owned after the transaction: not disclosed in this filing.
Context
- RSU grants are deferred compensation that convert to shares only upon vesting; they are not an immediate purchase or sale of stock. As a 10% owner, Piluso is a major shareholder; this award increases potential future share holdings once vested but does not reflect an immediate market trade.