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 on January 31, 2025.
Summary
- On January 31, 2025, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 1,591 shares of common stock.
- The transaction was executed to cover taxes owed upon the vesting of units.
- The price per share was $2.62.
- Following the transaction, Kanagaratnam directly owns 147,472 shares of Digital Turbine, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations. No indication of positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to sell shares to cover tax obligations related to vesting equity compensation. The impact on the overall market is likely minimal unless there are other similar transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: disposal of shares to cover tax obligations. |
| 02/03/2025 | Date of signature on the Form 4 filing. |
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