Form 4: Digital Turbine Executive Senthilkumaran Kanagaratnam Reports Stock Disposals for Tax Obligations

Digital Turbine's Chief Technology Officer, Senthilkumaran Kanagaratnam, reports disposals of common stock to cover tax obligations upon vesting of units.

Summary

• On August 7, 2024, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc. (APPS), reported the disposal of 610 and 3,410 shares of common stock.
• These transactions were executed to cover tax obligations arising from the vesting of units.
• The price per share for these disposals was $1.78.
• Following these transactions, Kanagaratnam directly owns 155,440 shares of Digital Turbine common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors to gauge management's sentiment and potential future performance.

Stakeholder Impact

• The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook for the company.

Key Dates