Data Storage (DTST) CEO sells shares, partly for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Data Storage Corp (DTST) Chairman and CEO Charles M. Piluso reported selling a total of 86,958 shares of common stock in three open-market transactions. The sales occurred on May 21, 2026, May 22, 2026, and May 26, 2026 at weighted average prices between $3.80 and $3.95 per share.
After these transactions, Piluso directly holds 223,074 shares of Data Storage Corp common stock. A footnote explains that shares were sold to satisfy tax withholding obligations, and that each reported price is a weighted average for multiple trades within the stated ranges.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 86,958 shares ($333,310)
Net Sell
3 txns
Insider
Piluso Charles M.
Role
Chairman and CEO
Sold
86,958 shs ($333K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 32,610 | $3.82 | $125K |
| Sale | Common Stock | 41,793 | $3.82 | $160K |
| Sale | Common Stock | 12,555 | $3.91 | $49K |
Holdings After Transaction:
Common Stock — 223,074 shares (Direct, null)
Footnotes (1)
- Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations of Charles M. Piluso (the "Reporting Person"). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.90 through $3.95. The Reporting Person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.80 through $3.92. The Reporting Person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.80 through $3.83. The Reporting Person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Key Figures
Total shares sold: 86,958 shares
Shares sold on May 21, 2026: 12,555 shares at $3.91
Shares sold on May 22, 2026: 41,793 shares at $3.82
+2 more
5 metrics
Total shares sold
86,958 shares
Aggregate open-market sales reported in Form 4
Shares sold on May 21, 2026
12,555 shares at $3.91
Open-market sale of common stock
Shares sold on May 22, 2026
41,793 shares at $3.82
Open-market sale of common stock
Shares sold on May 26, 2026
32,610 shares at $3.82
Open-market sale of common stock
Shares held after transactions
223,074 shares
Direct ownership after latest reported sale
Key Terms
open-market sale, weighted average price, tax withholding obligations
3 terms
open-market sale financial
"transaction_action: "open-market sale" for each common stock transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"shares of the Issuer's common stock sold to satisfy tax withholding obligations"
FAQ
What type of transactions are reported in this DTST Form 4 filing?
All reported transactions are open-market sales of Data Storage Corp common stock, coded as “S” in the Form 4. The filing specifies they are non-derivative transactions and provides weighted average prices and share counts for each sale.