Data Storage Corp (DTST) director reports tender offer sale to issuer
Rhea-AI Filing Summary
Data Storage Corp director Lawrence A. Maglione reported a sale of 24,752 shares of common stock back to the company at $5.20 per share on January 14, 2026. The transaction was a sale to the issuer under a tender offer that is described as exempt under Rule 16b-3. Following this sale, the filing shows that Maglione directly beneficially owns 0 shares of Data Storage Corp common stock.
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FAQ
What insider transaction did Data Storage Corp (DTST) disclose in this Form 4?
The filing reports that director Lawrence A. Maglione sold 24,752 shares of Data Storage Corp common stock back to the company in a tender offer transaction.
At what price were the Data Storage Corp (DTST) shares sold in the reported transaction?
The 24,752 shares of Data Storage Corp common stock were sold at a price of $5.20 per share.
When did the reported Data Storage Corp (DTST) insider transaction occur?
The reported sale of common stock by director Lawrence A. Maglione took place on January 14, 2026.
How many Data Storage Corp (DTST) shares does the reporting person own after this transaction?
After the reported transaction, the Form 4 shows that 0 shares of Data Storage Corp common stock are beneficially owned directly by Lawrence A. Maglione.
What is the relationship of the reporting person to Data Storage Corp (DTST)?
The reporting person, Lawrence A. Maglione, is identified in the filing as a director of Data Storage Corp.
What does the footnote say about the nature of the Data Storage Corp (DTST) transaction?
The footnote explains that the reported transaction represents a sale of shares to the issuer pursuant to an issuer tender offer exempt under Rule 16b-3.