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 RSU vesting.
Summary
- On August 2, 2024, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 1,386 shares of common stock.
- The shares were disposed of at a price of $1.98 per share to cover taxes owed upon the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Kanagaratnam directly owns 159,460 shares of Digital Turbine, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (disposal of shares for tax purposes) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. The disposal of shares to cover tax obligations upon RSU vesting is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 08/02/2024 | Date of transaction: Senthilkumaran Kanagaratnam disposed of shares. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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