Form 4: Digital Turbine Executive Senthilkumaran Kanagaratnam Reports Stock Transactions

Digital Turbine's Chief Technology Officer, Senthilkumaran Kanagaratnam, reports the vesting and subsequent disposal of shares to cover tax obligations.

Summary

• On May 2, 2024, Senthilkumaran Kanagaratnam, the Chief Technology Officer of Digital Turbine, Inc., engaged in transactions involving the company's common stock.
• Specifically, 3,882 shares were acquired through the vesting of Restricted Stock Units (RSUs) at a price of $2.02.
• Simultaneously, 1,386 shares were disposed of to cover tax obligations related to the RSU vesting, also at $2.02.
• Following these transactions, Kanagaratnam directly owns 143,513 shares of Digital Turbine common stock and 23,293 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates