Piluso Charles M. 4

What Happened

• Charles M. Piluso, a reported 10% owner of Data Storage Corp (DTST), was granted two awards on February 13, 2026: 60,000 restricted stock units (RSUs) and 250,000 stock options. Both awards are recorded as acquired at $0.00 on the Form 4 (i.e., they are grants, not purchases).
• The RSUs convert one-for-one into common stock when they vest. The options are unexercised grants (derivative securities); their exercise price is set at 110% of the closing price of DTST common stock on the grant date.

Key Details

• Transaction date: February 13, 2026; reported on Form 4 filed February 18, 2026.
• Recorded price: $0.00 for both the 60,000 RSUs and the 250,000 options (grant value recorded as awards).
• Vesting schedule (both awards): one-third vest on each of May 20, 2027, May 20, 2028, and May 20, 2029 (RSUs convert 1-for-1 to common stock on vesting).
• Option terms: exercise price = 110% of the closing price on the grant date (per footnote).
• Shares owned after transaction: not disclosed in the provided summary of the filing.
• Filing timeliness: Form 4 was filed five days after the grant date (filed Feb 18 for a Feb 13 transaction); Form 4s are generally due within two business days of the transaction, so this filing appears later than typical.

Context

• These entries are grant awards, not open-market purchases or sales — they do not represent an immediate cash outlay by Piluso nor an immediate sale of shares. Options must be exercised (and any exercise would be a separate report) before any resulting shares are sold.
• As a 10% owner, Piluso is a Section 16 insider; such grants are common for compensation or other arrangements and do not by themselves signal a buy/sell decision.