4Filed Sep 10, 8:00 PM ET
Data Storage Corp (DTST) Director John Argen Sells 3,000 Shares
$DTST · Data Storage CorpResearch Summary
AI-generated summary of this SEC filing
Data Storage Corp (DTST) Director John Argen Sells 3,000 Shares
What Happened
John Argen, a director of Data Storage Corp (ticker: DTST), sold 3,000 shares of the company's common stock on September 10, 2026. The reported weighted-average sale price was $2.97 per share, for total proceeds of approximately $8,910. The filing indicates these shares were sold to satisfy tax withholding obligations rather than an open-market investment decision.
Key Details
- Transaction type: Sale (Code S); purpose per footnote: tax withholding (Footnote F1).
- Date: 2026-09-10. Price: weighted average $2.97; individual transaction prices ranged $2.96–$3.00 (Footnote F2).
- Total shares sold: 3,000; total proceeds ≈ $8,910.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Filing: Form 4 filed 2026-09-11 (one day after the transaction), which appears to be timely under standard two-business-day reporting rules.
- Footnotes: F1 = sale to satisfy tax withholding; F2 = weighted average price with sales at multiple prices within $2.96–$3.00 (reporting person will provide breakdown on request).
Context: Sales made to cover tax withholding on awards or vesting are common and generally viewed as routine administrative transactions rather than a directional signal about the insider’s view of the company. This report documents a small-dollar, routine disposition rather than a large strategic sale.