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

Harold J. Schwartz, a director, officer, and 10% owner of Data Storage Corp, sold 1,593 shares of common stock to cover tax obligations.

Summary

• Harold J. Schwartz, who is a director, officer (President), and a 10% owner of Data Storage Corp, sold 1,593 shares of common stock on January 2, 2025.
• The sale was executed at a price of $4.23 per share.
• This transaction was to satisfy tax withholding obligations.
• Following the transaction, Mr. Schwartz beneficially owns 860,318 shares of Data Storage Corp.

Sentiment

Score: 5

Explanation: The document reflects a neutral transaction, a routine sale of shares by an executive for tax purposes. It does not indicate any positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

This is a routine transaction for an executive to sell shares to cover tax obligations. It is not unusual for executives to sell shares, and this transaction does not appear to be related to any specific company performance or industry trend.

Comparison to Industry Standards

• Executive stock sales for tax purposes are common across all industries.
• The number of shares sold is relatively small compared to the total holdings of the executive, which is typical for tax-related sales.
• There are no specific industry benchmarks to compare this transaction against, as it is a personal financial decision of the executive.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is unlikely to be significant given the small number of shares sold.

Key Dates

Keywords

Data Storage Corp, insider trading, stock sale, Harold J. Schwartz, tax obligations, DTST, share sale