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 August 22, 2024, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 486 shares of common stock at a price of $3.61.
- The transaction was executed to cover tax obligations upon the vesting of units.
- Following the transaction, Kanagaratnam directly owns 154,954 shares of Digital Turbine, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of the 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 to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of transaction: Senthilkumaran Kanagaratnam disposed of shares. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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