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 to cover tax obligations related to vesting.

Summary

• Senthilkumaran Kanagaratnam, Chief Technology Officer of Digital Turbine, Inc. (APPS), reported a transaction on October 31, 2025.
• The transaction involved the disposition of 1,386 shares of Digital Turbine common stock.
• The shares were disposed of at a price of $6.24 per share.
• This disposition was made to cover tax obligations upon the vesting of units.
• Following this transaction, Kanagaratnam beneficially owns 133,634 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares by an officer to cover tax obligations upon vesting, which is a neutral event for the company's operational or financial outlook.

Positives

• NA

Negatives

• Senthilkumaran Kanagaratnam, Chief Technology Officer, disposed of 1,386 shares of common stock, reducing his direct beneficial ownership.

Risks

• NA

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but generally considered a routine tax-related transaction with minimal impact on overall shareholder value.

Key Dates

Recommendation

The filing reports a routine disposition of shares by a company officer to cover tax liabilities upon the vesting of equity awards. This is a common occurrence and does not typically indicate a change in the company's fundamentals or the officer's long-term view of the company. Therefore, it does not warrant a change in investment recommendation based solely on this transaction.

Keywords

Digital Turbine, APPS, Senthilkumaran Kanagaratnam, CTO, insider transaction, stock sale, Form 4, common stock, tax obligations