Data Storage Corp (DTST) CEO reports issuer tender offer sales
Rhea-AI Filing Summary
Data Storage Corp Chairman and CEO Charles M. Piluso reported several sales of the company’s common stock in connection with an issuer tender offer exempt under Rule 16b-3. On January 14, 2026, he disposed of 323,859 directly held shares at $5.20 per share, leaving 89,432 shares held directly. Additional sales of common stock at $5.20 per share were reported from indirect holdings through Piluso Family Associates, Piluso Family Associates LLC, and two 2012 trusts where Piluso or his spouse have roles as beneficiary or co‑trustee.
Positive
- None.
Negative
- None.
Insights
Large insider sales tied to an issuer tender offer, structurally neutral.
Data Storage Corp’s Chairman and CEO, Charles M. Piluso, reported multiple sales of common stock on January 14, 2026. One transaction shows the disposition of 323,859 directly held shares at $5.20 per share, with 89,432 shares remaining in his direct ownership. The filing notes that these sales were made to the issuer under an issuer tender offer exempt under Rule 16b-3.
Additional sales at $5.20 per share occurred from indirect holdings attributed to entities associated with Piluso, including Piluso Family Associates, Piluso Family Associates LLC, and the Lasata and Bella Vita 2012 trusts. Footnotes describe his and his spouse’s roles as managing members, beneficiaries, or co‑trustees, clarifying why these positions are reported as indirect beneficial ownership. The transactions appear structured within a board-approved tender offer framework, which is treated as an administrative governance event rather than a directional signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 323,859 | $5.20 | $1.68M |
| Disposition | Common Stock | 16,667 | $5.20 | $87K |
| Disposition | Common Stock | 65,083 | $5.20 | $338K |
| Disposition | Common Stock | 230,116 | $5.20 | $1.20M |
| Disposition | Common Stock | 230,116 | $5.20 | $1.20M |
Footnotes (1)
- Represents sale of shares to issuer pursuant to issuer tender offer exempt under Rule 16b-3. The Reporting Person is a Managing Member of Piluso Family Associates, together with his spouse. The Reporting Person is a Managing Member of Piluso Family Associates LLC, together with his spouse. The Reporting Person's spouse is the beneficiary of The Lasata 2012 Trust dated 5/4/12 (the "Lasata Trust") and the Reporting Person's spouse, together with Lawrence Maglione, a director of the Issuer, are the co-trustees of the Lasata Trust. The Reporting Person is the beneficiary of The Bella Vita 2012 Trust dated 5/4/12 (the "Bella Vita Trust") and the Reporting Person, together with his spouse, are the co-trustees of the Bella Vita Trust.
FAQ
What insider transaction did DTST report for Charles M. Piluso?
The filing shows that Charles M. Piluso, Chairman, CEO and 10% owner of Data Storage Corp (DTST), reported several sales of common stock on January 14, 2026, including a direct sale of 323,859 shares.
Were indirect holdings involved in the DTST insider transactions?
Yes. The filing reports sales from indirect holdings through Piluso Family Associates, Piluso Family Associates LLC, and the Lasata 2012 Trust and Bella Vita 2012 Trust, all at $5.20 per share.
What is the nature of the issuer tender offer mentioned in the DTST Form 4?
The Form 4 states that the transactions represent a sale of shares to the issuer pursuant to an issuer tender offer that is exempt under Rule 16b-3.
What roles does Charles M. Piluso hold at Data Storage Corp?
According to the filing, Charles M. Piluso is a Director, Chairman and CEO, and a 10% owner of Data Storage Corp (DTST).