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 shares to cover tax obligations upon vesting.
Summary
- On February 7, 2025, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 4,616 shares of common stock.
- The transaction was executed to cover taxes owed upon the vesting of units.
- The price per share was $4.9.
- Following the transaction, Kanagaratnam directly owns 142,856 shares of Digital Turbine, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of transaction: Senthilkumaran Kanagaratnam disposed of shares. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.