Form 4: Data Storage Corp Chairman Piluso Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Charles M. Piluso, Chairman and CEO of Data Storage Corp, sold 3,390 shares of common stock on March 28, 2025, to cover tax withholding obligations.
Summary
- Charles M. Piluso, Chairman and CEO of Data Storage Corp, reported a transaction involving the sale of 3,390 shares of Data Storage Corp common stock on March 28, 2025.
- The sale was executed to satisfy tax withholding obligations.
- The shares were sold at a weighted average price of $3.55, with individual transactions ranging from $3.50 to $3.65.
- Following the transaction, Piluso directly owns 392,243 shares.
- Piluso also has indirect ownership through Piluso Family Associates (16,667 shares), Piluso Family Associates LLC (65,083 shares), The Lasata 2012 Trust (230,116 shares), and The Bella Vita 2012 Trust (230,116 shares).
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the company's prospects.
Industry Context
This is a routine disclosure related to insider trading activity and doesn't necessarily reflect a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| 05/04/2012 | Date of The Lasata 2012 Trust and The Bella Vita 2012 Trust |
| 03/28/2025 | Date of the share sale transaction |
| 04/01/2025 | Date of signature on the Form 4 filing |
Keywords
Data Storage Corp, DTST, Charles M. Piluso, Form 4, Share Sale, Beneficial Ownership, Tax Withholding
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