Form 4: Digital Turbine Executive Senthilkumaran Kanagaratnam Reports Stock Disposals

Senthilkumaran Kanagaratnam, Chief Technology Officer of Digital Turbine, Inc., reported the disposal of common stock to cover tax obligations.

Summary

• On May 7, 2024, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., disposed of 609 shares of common stock at a price of $2.16.
• He also disposed of 3,410 shares of common stock at the same price.
• Following these transactions, Kanagaratnam directly owns 139,494 shares of Digital Turbine, Inc.
• The disposals were related to covering tax obligations.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock disposals, likely for tax purposes, which is a routine activity.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The stock disposal by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the likely reason for the disposal.

Key Dates