Form 4: Digital Turbine Executive Matthew Gillis Resigns, Voluntarily Files Form 4
SEC Filing
Matthew Gillis, formerly President of Digital Turbine, voluntarily files a Form 4 to indicate his resignation and cancellation of all outstanding derivative securities.
Summary
- Matthew Gillis, previously President of Digital Turbine, ceased being an executive officer on April 1, 2024.
- He voluntarily filed a Form 4 to indicate that he is no longer subject to Section 16 of the Securities Exchange Act of 1934.
- All outstanding derivative securities beneficially owned by Gillis were canceled upon his resignation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's departure, indicating a neutral sentiment.
Industry Context
Executive departures are a common occurrence in the tech industry, and this filing reflects the formal notification of such a change at Digital Turbine.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| President | Matthew Gillis | N/A | 04/01/2024 | Resignation |
Stakeholder Impact
- Shareholders may react to the news of an executive departure, although the impact is likely to be minimal given the routine nature of such transitions.
- Employees may experience some internal adjustments due to the change in leadership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Matthew Gillis ceased serving as an executive officer of Digital Turbine. |
| 04/01/2024 | Form 4 filing date. |
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