Form 4: Digital Turbine Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Senthilkumaran Kanagaratnam, Chief Technology Officer of Digital Turbine, Inc., disposed of shares to cover tax obligations upon vesting on November 1, 2024.
Summary
- On November 1, 2024, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 1,386 shares of common stock.
- The transaction was executed to cover taxes owed upon the vesting of units.
- The price per share was $3.16.
- Following the transaction, Kanagaratnam directly owns 153,568 shares of Digital Turbine, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. They can be influenced by various factors, including personal financial planning, diversification, and tax obligations. It's important to consider the context of the transaction, such as the executive's overall holdings and the company's performance, when interpreting the significance of the transaction.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of transaction: Senthilkumaran Kanagaratnam disposed of shares. |
| 11/04/2024 | 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.