Form 4: Data Storage Corp Director Sells Shares in Tender Offer
Statement of Changes in Beneficial Ownership
Data Storage Corp Director Uwayne A. Mitchell sold 11,248 shares of common stock at $5.20 per share as part of an issuer tender offer.
Summary
- Uwayne A. Mitchell, a Director of Data Storage Corp (DTST), reported a transaction involving the company's common stock.
- On January 14, 2026, Mitchell disposed of 11,248 shares of common stock.
- The shares were sold at a price of $5.20 per share.
- This sale was made to the issuer (Data Storage Corp) pursuant to an issuer tender offer, which is exempt under Rule 16b-3.
- Following this transaction, Mitchell beneficially owns 0 shares of Data Storage Corp common stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (sale of shares by a director to the issuer in a tender offer), which is generally neutral in sentiment as it's a planned event rather than an indicator of confidence or performance.
Stakeholder Impact
- Shareholders: The transaction contributes to a reduction in outstanding shares if part of a larger tender offer, which can potentially increase earnings per share for remaining shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/14/2026 | Date of transaction where shares were disposed of. |
| 01/16/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Data Storage Corp, DTST, Form 4, Insider Transaction, Director Share Sale, Tender Offer, Beneficial Ownership
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