Form 4: Digital Turbine CFO Sells Shares to Cover Tax Obligations

Digital Turbine's CFO, J. Barrett Garrison, disposed of 663 shares of common stock to cover tax obligations related to vesting.

Summary

• J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., sold 663 shares of common stock on November 22, 2024.
• The shares were disposed of at a price of $1.52 per share.
• This transaction was conducted to cover tax obligations arising from the vesting of stock units.
• No new shares were issued as part of this transaction.
• Following the transaction, Mr. Garrison beneficially owns 437,418 shares of Digital Turbine common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the executive, suggesting this is a routine transaction rather than a significant divestment.
• Similar transactions are regularly reported by executives at other tech companies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

Digital Turbine, Garrison, stock sale, insider trading, tax obligations, executive compensation, Form 4