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.
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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
Additional sales at
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.
At what price were the DTST shares sold in the reported transactions?
Each reported sale of Data Storage Corp common stock, including both direct and indirect holdings, was made at a price of $5.20 per share.
How many Data Storage Corp shares does Charles M. Piluso hold directly after the transactions?
After the reported issuer tender offer transactions on January 14, 2026, Charles M. Piluso directly beneficially owned 89,432 shares of Data Storage Corp common stock.
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).