Data Storage director sells 280,850 shares
Data Storage Corp director Clifford Stein reported selling 280,850 shares of common stock to the company in an issuer tender offer at $5.2 per share, leaving him with no directly held shares.
Rhea-AI Filing Summary
Data Storage Corp director Clifford Stein reported selling 280,850 shares of common stock to the company in an issuer tender offer at $5.2 per share, leaving him with no directly held shares.
The sale took place on January 14, 2026 and was reported as a disposition of non-derivative common stock. Following this transaction, Stein’s reported beneficial ownership of Data Storage Corp common stock is shown as zero shares held directly, indicating a full exit from his directly owned position through the tender offer.
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Insights
Director Clifford Stein tendered 280,850 DTST shares back to the issuer, ending his direct stake.
Director Clifford Stein disposed of 280,850 shares of Data Storage Corp common stock on January 14, 2026. The shares were sold at $5.2 per share in a single non-derivative transaction, coded as a disposition. This was not an open-market trade but part of a transaction with the issuer.
A footnote explains the sale was to the company under an issuer tender offer that is exempt under Rule 16b-3, which governs certain insider transactions with the issuer. After this tender, Stein’s reported beneficial ownership is 0 shares held directly, suggesting his direct equity exposure in the company’s common stock ended through participation in the offer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 280,850 | $5.20 | $1.46M |
Footnotes (1)
- F1. Represents sale of shares to issuer pursuant to issuer tender offer exempt under Rule 16b-3.
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