Form 4: Digital Turbine Executive Sells Shares to Cover Tax Obligations

Senthilkumaran Kanagaratnam, Chief Technology Officer of Digital Turbine, Inc., disposed of 1,941 shares of common stock on May 22, 2024, to cover tax obligations.

Summary

• On May 22, 2024, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 1,941 shares of common stock.
• The transaction was executed to cover tax obligations.
• The shares were disposed of at a price of $2.34 per share.
• Following the transaction, Kanagaratnam directly owns 137,553 shares of Digital Turbine, Inc.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an insider stock transaction for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about a company's prospects. This sale appears to be related to tax obligations, which is a common reason for such transactions.

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