12/15/2025 | Press release | Distributed by Public on 12/15/2025 20:32
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option | $2 | 12/11/2025 | M | 1,667 | (1) | (1) | Common Stock | 1,667 | $ 0 | 0 | D | ||||
| Stock Option | $2.16 | 12/11/2025 | M | 2,500 | (2) | (2) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Stock Option | $3.23 | 12/11/2025 | M | 2,500 | (3) | (3) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Stock Option | $2.45 | 12/11/2025 | M | 2,500 | (4) | (4) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Stock Option | $2.04 | 12/11/2025 | M | 2,500 | (5) | (5) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Stock Option | $1.48 | 12/11/2025 | M | 2,500 | (6) | (6) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Stock Option | $1.82 | 12/11/2025 | M | 2,500 | (7) | (7) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Stock Option | $2.33 | 12/11/2025 | M | 2,500 | (8) | (8) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Stock Option | $3.24 | 12/11/2025 | M | 2,500 | (9) | (9) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Stock Option | $2.88 | 12/11/2025 | M | 2,500 | (10) | (10) | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Maglione Lawrence A. C/O DATA STORAGE CORP 244 5TH AVENUE, SUITE 2821 NEW YORK, NY 10001 |
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| /s/ Wendy Schmittzeh, Attorney-in-fact | 12/15/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on December 14, 2017 which were fully vested on the third anniversary of the date of grant. The Option is exercisable for a term of 10 years. |
| (2) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on December 11, 2019 which were fully vested on the third anniversary of the date of grant. The Option is exercisable for a term of 10 years. |
| (3) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on March 31, 2022 which were fully vested on the third anniversary of the date of grant. The Option is exercisable for a term of 10 years. |
| (4) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on June 30, 2022 which were fully vested on the third anniversary of the date of grant. The Option is exercisable for a term of 10 years. |
| (5) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on September 30, 2022, the unexercised portion of which vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025. The Option is exercisable for a term of 10 years. |
| (6) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on December 30, 2022, the unexercised portion of which vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025. The Option is exercisable for a term of 10 years. |
| (7) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on March 31, 2023, the unexercised portion of which vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025. The Option is exercisable for a term of 10 years. |
| (8) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on June 30, 2023, the unexercised portion of which vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025. The Option is exercisable for a term of 10 years. |
| (9) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on September 29, 2023, which vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025. The Option is exercisable for a term of 10 years. |
| (10) | Represents shares of common stock issued upon exercise of a stock option that was issued to the Reporting Person on December 31, 2023, which vested in full immediately upon consummation of the divestiture of the Issuer's CloudFirst business on September 11, 2025. The Option is exercisable for a term of 10 years. |
| (11) | Represents shares withheld to cover the exercise price of the options exercised. |