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

Digital Turbine's Executive Vice President and CFO, Garrison J. Barrett, disposed of shares to cover tax obligations related to vesting.

Summary

• Garrison J. Barrett, Executive Vice President and CFO of Digital Turbine, Inc., disposed of shares of common stock on November 27, 2024, and November 29, 2024.
• These transactions were not sales of shares for cash, but rather disposals to cover tax obligations arising from the vesting of stock units.
• On November 27, 2024, 774 shares were disposed of at a price of $1.43 per share.
• On November 29, 2024, 75 shares were disposed of at a price of $1.44 per share.
• Following these transactions, Barrett's direct ownership of Digital Turbine common stock decreased to 436,569 shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for executives who receive stock-based compensation. The disposal of shares to cover tax obligations is a routine practice.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and the transactions reported are typical for executives receiving stock-based compensation.
• Many companies, such as AppLovin, Unity, and ironSource, also have executives who regularly file Form 4s for similar transactions related to stock vesting and tax obligations.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and not a sale of shares for cash.

Key Dates

Keywords

Digital Turbine, Garrison J. Barrett, stock disposal, tax obligations, executive compensation, Form 4, insider trading