Form 4: Digital Turbine Executive Vice President, CFO, Disposes of Shares for Tax Obligations

Digital Turbine's Executive Vice President and CFO, J. Barrett Garrison, disposed of 75 common stock units to cover tax obligations.

Summary

• J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 75 common stock units on December 31, 2024.
• The transaction was executed to cover tax obligations arising from the vesting of stock units.
• The disposal price was $1.69 per unit.
• Following the transaction, Garrison directly owns 436,494 common stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies.
• The disposal of shares to cover tax obligations is a standard practice.
• The number of shares disposed of is relatively small compared to the total holdings of the executive.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive for tax purposes.

Key Dates

Keywords

Digital Turbine, Executive Vice President, CFO, stock disposal, tax obligations, insider trading, Form 4