Form 4: Digital Turbine CTO Sells Shares for Tax Obligations

Digital Turbine's Chief Technology Officer, Senthilkumaran Kanagaratnam, disposed of 1,386 shares of common stock at $5.12 per share to cover tax withholding obligations upon vesting.

Summary

• Senthilkumaran Kanagaratnam, Chief Technology Officer of Digital Turbine, Inc. (APPS), reported a transaction on August 1, 2025.
• The transaction involved the disposition of 1,386 shares of Digital Turbine common stock.
• The shares were disposed of at a price of $5.12 per share.
• This disposition was made to satisfy tax withholding obligations upon the vesting of units.
• No new shares were issued in connection with this transaction.
• Following this transaction, Mr. Kanagaratnam beneficially owns 135,020 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax obligations upon vesting, which is a neutral event and does not indicate positive or negative sentiment towards the company's performance or outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details a routine insider transaction related to tax obligations upon equity vesting, which is a common occurrence across all industries for executives receiving equity compensation. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in insider ownership, which is common for tax purposes and generally has minimal impact on overall shareholder sentiment.
• Employees: The transaction reflects a standard practice for equity compensation, which is a common component of executive compensation packages.

Key Dates

Keywords

Digital Turbine, APPS, SEC Form 4, Insider Transaction, Stock Sale, CTO, Tax Withholding, Equity Vesting