Form 4: DTST CFO Sells Shares for Tax Obligations

Data Storage Corp's CFO, Christos Panagiotakos, sold 11,053 shares of common stock to cover tax withholding obligations.

Summary

• Christos Panagiotakos, Chief Financial Officer of Data Storage Corp (DTST), reported a transaction on December 10, 2025.
• Panagiotakos disposed of 11,053 shares of Data Storage Corp common stock.
• The shares were sold at a weighted average price of $4.9934 per share, with individual transaction prices ranging from $4.9518 to $5.0001.
• The purpose of this sale was to satisfy tax withholding obligations.
• Following this transaction, Panagiotakos directly beneficially owns 40,507 shares of Data Storage Corp common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine insider sale for tax withholding purposes, which is a neutral event and does not indicate a change in company fundamentals or management's confidence.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of outstanding shares, but the stated reason (tax withholding) is routine and generally not interpreted as a lack of confidence by the insider.
• Management: The CFO fulfilled a personal tax obligation related to equity compensation.

Key Dates

Recommendation

The CFO's sale of shares was explicitly for tax withholding obligations, a common and routine event for executives. It does not signal a change in company fundamentals or management's confidence, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Data Storage Corp, DTST, Christos Panagiotakos, Form 4, Insider Trading, Stock Sale, CFO, Tax Withholding