Data Storage Corp (NASDAQ: DTST) director, 10% owner sells 881K shares
Rhea-AI Filing Summary
Data Storage Corp director and 10% owner Kempster Thomas reported a sale of 881,472 shares of common stock at $5.20 per share on January 14, 2026. The transaction was coded as a disposal and left him with 0 shares beneficially owned directly after the sale. The shares were sold back to the company in connection with an issuer tender offer that is described as exempt under Rule 16b-3. The reported amount also reflects an additional 9,500 shares of common stock that had been inadvertently omitted from Thomas’s earlier ownership reports.
Positive
- None.
Negative
- Director and 10% owner fully exits reported position: Kempster Thomas disposed of 881,472 shares of Data Storage Corp common stock at $5.20 per share on January 14, 2026, leaving him with 0 shares beneficially owned following the transaction.
Insights
Large insider exits position via issuer tender offer, fully clearing reported holdings.
The report shows that director and 10% owner Kempster Thomas disposed of 881,472 shares of Data Storage Corp common stock at
The footnote explains that the shares were sold to the issuer pursuant to an issuer tender offer that is exempt under Rule 16b-3, which governs certain insider transactions, and that the figure includes 9,500 shares that were inadvertently excluded from previous reports. This links the sale to a company-run tender rather than open-market selling, while also cleaning up prior reporting. Subsequent company disclosures may provide additional context on the tender offer’s overall size and impact.
FAQ
Who is the insider involved in this Data Storage Corp (DTST) Form 4 filing?
How many Data Storage Corp (DTST) shares did Kempster Thomas sell and at what price?
How many Data Storage Corp (DTST) shares does Kempster Thomas own after this transaction?
Was the Data Storage Corp (DTST) insider sale part of an issuer tender offer?
What does the footnote about 9,500 shares mean in the DTST Form 4?
Does this Data Storage Corp (DTST) Form 4 involve any derivative securities?