Data Storage Corp (DTST) director tender sale and share corrections
Rhea-AI Filing Summary
Data Storage Corp director and 10% owner Harold J. Schwartz reported significant share sales and ownership corrections. On January 14, 2026, he disposed of 888,376 shares of common stock at $5.20 per share in a sale to the company under an issuer tender offer exempt under Rule 16b-3, leaving him with 28,471 shares held directly.
On the same date, 7,500 shares of common stock were disposed of at $5.20 per share by Systems Trading, Inc., an entity owned by Schwartz, which then held no shares. The filing also corrects prior reports: earlier forms had overstated his beneficial ownership by 20,735 shares and had omitted the 7,500 shares indirectly held through Systems Trading, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 888,376 | $5.20 | $4.62M |
| Disposition | Common Stock | 7,500 | $5.20 | $39K |
Footnotes (1)
- Represents sale of shares to issuer pursuant to issuer tender offer exempt under Rule 16b-3. Reflects a correction to the number of shares owned by the reporting person. Due to an administrative oversight, the reporting person's number of securities beneficially owned following the reported transaction in Item 5 of Table I in prior Form 4s was overstated by 20,735 shares. Reflects indirect holding of 7,500 shares of common stock that were inadvertently excluded from previous reports filed by the reporting person. Systems Trading, Inc. is a company owned by the reporting person and of which the reporting person currently serves as Chief Executive Officer and President.
FAQ
What insider transactions did DTST director Harold J. Schwartz report?
Harold J. Schwartz reported disposing of 888,376 shares of Data Storage Corp common stock at $5.20 per share, plus an additional 7,500 shares at $5.20 per share through Systems Trading, Inc.
Was the DTST insider sale part of a tender offer?
Yes. The 888,376-share disposal by Harold J. Schwartz represents a sale of shares to the issuer pursuant to an issuer tender offer that is exempt under Rule 16b-3.
What role did Systems Trading, Inc. play in the DTST Form 4 filing?
Systems Trading, Inc., a company owned by Harold J. Schwartz where he is Chief Executive Officer and President, disposed of 7,500 shares of DTST common stock indirectly owned, at $5.20 per share.
What ownership corrections were disclosed in this DTST Form 4?
The filing states prior reports had overstated Schwartz's beneficial ownership by 20,735 shares and had inadvertently excluded an indirect holding of 7,500 shares through Systems Trading, Inc.
What is Harold J. Schwartz’s relationship to Data Storage Corp (DTST)?
Harold J. Schwartz is disclosed as a Director and a 10% Owner of Data Storage Corp.