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 2,609 shares of common stock on May 22, 2024, to cover tax obligations.

Summary

• On May 22, 2024, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 2,609 shares of common stock.
• The transaction was executed at a price of $2.34 per share.
• Following the transaction, Garrison directly owns 441,136 shares of Digital Turbine, Inc.
• The disposition of shares was to cover tax obligations.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock transaction. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates