Form 4: Digital Turbine Executive Vice President, CFO, Sells Shares to Cover Tax Obligations

J. Barrett Garrison, Executive Vice President and CFO of Digital Turbine, Inc., disposed of 75 shares of common stock on May 31, 2024, to cover tax obligations.

Summary

• On May 31, 2024, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 75 shares of common stock.
• The transaction was executed at a price of $1.89 per share.
• This disposal was related to covering tax obligations.
• Following the transaction, Garrison directly owns 440,287 shares of Digital Turbine, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a normal occurrence.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the impact is likely minimal given the small number of shares involved and the stated reason for the sale.

Key Dates