Form 4: Digital Turbine Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Senthilkumaran Kanagaratnam, Chief Technology Officer of Digital Turbine, Inc., disposed of 558 shares of common stock on February 21, 2025, to cover tax obligations upon vesting.
Summary
- On February 21, 2025, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 558 shares of common stock.
- The transaction was executed at a price of $4.23 per share.
- The disposal was conducted to cover tax obligations related to the vesting of units.
- Following the transaction, Kanagaratnam directly owns 142,298 shares of Digital Turbine, Inc.
- The transaction was reported on February 24, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. It doesn't indicate any strategic shift or concern about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of transaction: Disposal of shares. |
| 02/24/2025 | Date of report submission. |
Keywords
Digital Turbine, APPS, Senthilkumaran Kanagaratnam, Chief Technology Officer, Form 4, Share Disposal, Tax Obligations, Beneficial Ownership
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