Form 4: Digital Turbine Executive Sells Shares to Cover Tax Obligations

Senthilkumaran Kanagaratnam, Chief Technology Officer of Digital Turbine, Inc., disposed of 4,020 shares of common stock on May 7, 2025, to cover tax obligations.

Summary

• On May 7, 2025, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 4,020 shares of common stock.
• The transaction was executed at a price of $3.61 per share.
• This disposal was related to covering tax obligations.
• Following the transaction, Kanagaratnam directly owns 136,892 shares of Digital Turbine, Inc.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it doesn't necessarily indicate a positive or negative sentiment towards the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CTO in this case, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.

Key Dates

Keywords

Digital Turbine, APPS, Senthilkumaran Kanagaratnam, Form 4, insider trading, stock disposal, tax obligations, CTO