Data Storage (DTST) Director Correll Exercises RSUs, Receives 12k Grant

What Happened

• Todd A. Correll, a director of Data Storage Corp (DTST), reported multiple related transactions on 2026-09-02. He converted/exercised 10,000 derivative units into common stock (reported as acquired at $0), a separate 10,000-share derivative disposition was reported the same day (reported at $0), and he received a new award of 12,000 restricted stock units (RSUs) (reported as acquired at $0).
• The reported dollar amounts in the Form 4 are $0 per share for these items (typical for RSU conversions and RSU grants on the Form 4). The net effect appears to be that shares underlying vested RSUs were converted, while a same-day derivative disposition of equal size was also recorded, and a new RSU award was granted.

Key Details

• Transaction date(s): September 2, 2026; Form 4 filed September 4, 2026 (filed on time).
• Reported prices: $0.00 per share for the conversions/grant (standard for RSU activity on Form 4).
• Specifics reported:
  • Exercise/conversion (M) — 10,000 shares acquired @ $0.00 (vested RSUs converted to common stock).
  • Grant/award (A) — 12,000 RSUs acquired @ $0.00 (new RSU grant).
  • Exercise/conversion (M) — 10,000 shares disposed @ $0.00 (derivative disposition reported the same day).
• Shares owned after the transactions: Not provided in the summary data you supplied — check the full Form 4 for total holdings.
• Footnotes:
  • F1: RSUs convert to common stock on a one-for-one basis.
  • F2: The 10,000 shares that vested/converted represent RSUs granted Jan 29, 2026 that vested in full on Sept 2, 2026 (the issuer’s 2026 annual meeting).
  • F3: The 12,000 RSUs were granted Sept 2, 2026 and will vest in full on the issuer’s 2027 annual meeting, subject to continued service.

Context

• These transactions involve RSUs, not open-market purchases or standard option exercises with cash strikes. RSU conversions are often reported with $0 as the per-share price on Form 4 because the award itself (not a cash purchase) converted into shares.
• The same-day conversion and equal-size disposition means there was no clear net long-term share increase from the converted RSUs in this filing alone; however, the new 12,000 RSU grant represents future potential ownership if it vests in 2027.
• No evidence in the supplied data of a 10b5-1 plan, tax-withholding sale notation, or late filing. For the complete transaction context and current share totals, review the full SEC filing (Accession: 0001731122-26-001203).