Form 4: Data Storage CEO Sells Shares for Tax Obligations

Data Storage Corp's Chairman and CEO, Charles M. Piluso, sold 20,089 shares of common stock to cover tax withholding obligations.

Summary

• Charles M. Piluso, Chairman and CEO of Data Storage Corp (DTST), sold 20,089 shares of common stock.
• The transaction occurred on December 10, 2025, at a weighted average price of $4.9934 per share, with prices ranging from $4.9518 to $5.0001.
• The sale was executed to satisfy tax withholding obligations of the Reporting Person.
• Following the transaction, Piluso directly owns 413,291 shares.
• Indirect beneficial ownership includes 16,667 shares via Piluso Family Associates, 65,083 shares via Piluso Family Associates LLC, 230,116 shares via The Lasata 2012 Trust, and 230,116 shares via The Bella Vita 2012 Trust, totaling 541,982 indirect shares.
• Total beneficial ownership after the transaction stands at 955,273 shares.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax purposes, which is neutral in terms of sentiment. It does not indicate positive or negative views on the company's future performance.

Positives

• The sale was non-discretionary, specifically for tax withholding obligations, indicating it was not a reflection of a negative outlook on the company's future.

Negatives

• A reduction in direct ownership by a key executive, even for tax purposes, slightly decreases their direct financial alignment with common shareholders.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing, detailing an insider stock transaction for tax purposes, does not provide information relevant to broader industry trends or competitive landscape analysis.

Comparison to Industry Standards

• This filing is a standard insider transaction report and does not contain information that allows for a comparison to global benchmarks, specific comparable companies, projects, or results.

Related Party Transactions

• Charles M. Piluso's indirect ownership includes shares held through Piluso Family Associates, Piluso Family Associates LLC, The Lasata 2012 Trust (beneficiary is spouse, co-trustees include spouse and another director), and The Bella Vita 2012 Trust (beneficiary is Reporting Person, co-trustees include spouse). These represent related party interests in the company's stock.

Stakeholder Impact

• Shareholders: The sale is a routine tax-related transaction and is unlikely to have a significant impact on shareholder confidence or the company's operational performance. It slightly reduces the direct ownership stake of a key executive, but overall beneficial ownership remains substantial.

Key Dates

Recommendation

The Form 4 filing details a non-discretionary sale of shares by the CEO to cover tax obligations. Such transactions are routine and do not typically signal a change in the company's fundamentals or the executive's long-term outlook. Therefore, it provides no new information to warrant a change from a 'hold' position, assuming no other material information is available.

Keywords

Data Storage Corp, DTST, Form 4, Insider Trading, Share Sale, Executive Compensation, Charles M. Piluso, Tax Withholding