Form 4: Digital Turbine CTO Sells Shares for Tax Obligations

Digital Turbine's Chief Technology Officer, Senthilkumaran Kanagaratnam, disposed of 486 shares of common stock to cover tax liabilities upon vesting.

Summary

• Senthilkumaran Kanagaratnam, Chief Technology Officer of Digital Turbine, Inc. (APPS), reported a transaction involving company common stock.
• On November 21, 2025, Mr. Kanagaratnam disposed of 486 shares of common stock at a price of $4.34 per share.
• This disposal was made to satisfy tax withholding obligations upon the vesting of equity units, with no corresponding shares of common stock issued.
• Following this transaction, Mr. Kanagaratnam beneficially owns 129,128 shares of Digital Turbine common stock directly.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale of shares to cover tax liabilities upon vesting of equity awards, which is a neutral event and does not indicate positive or negative sentiment towards the company's future.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction, common for executives whose equity compensation vests. The disposal of shares to cover tax liabilities upon vesting is a standard practice and does not typically reflect a change in management's outlook on the company's prospects.

Stakeholder Impact

• The impact on shareholders is minimal as this is a routine, non-discretionary transaction for tax purposes and represents a small fraction of the company's outstanding shares.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of a small number of shares by a Chief Technology Officer to cover tax obligations upon equity vesting. Such transactions are common and do not typically signal a change in the company's fundamentals or management's confidence. Therefore, it does not warrant a change in investment recommendation, maintaining a 'hold' stance based solely on this filing.

Keywords

Digital Turbine, APPS, Form 4, Insider Transaction, Stock Sale, CTO, Senthilkumaran Kanagaratnam, Tax Withholding, Equity Vesting, Rule 10b5-1