Form 4: Data Storage Corp CFO Sells Shares to Cover Tax Obligations

Christos Panagiotakos, CFO of Data Storage Corp, sold 2,003 shares of common stock on March 28, 2025, to satisfy tax withholding obligations.

Summary

• Christos Panagiotakos, the Chief Financial Officer of Data Storage Corporation, sold 2,003 shares of the company's common stock on March 28, 2025.
• The sale was executed to cover tax withholding obligations.
• The shares were sold at a weighted average price of $3.61, with individual transactions ranging from $3.50 to $3.68.
• Following the transaction, Panagiotakos directly owns 35,529 shares of Data Storage Corp.
• The sale was conducted under a pre-arranged 10b5-1(c) trading plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is related to tax obligations and doesn't indicate a significant change in the CFO's position or the company's outlook.

Industry Context

This is a routine transaction for covering tax obligations and doesn't necessarily reflect a change in the CFO's confidence in the company.

Key Dates

Keywords

Data Storage Corp, DTST, Christos Panagiotakos, CFO, stock sale, Form 4, tax obligations, insider trading