Form 4: Digital Turbine Executive Vice President, CFO, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
J. Barrett Garrison, Executive Vice President and CFO of Digital Turbine, Inc., disposed of shares to cover tax obligations arising from equity awards.
Summary
- J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., reported changes in beneficial ownership of the company's stock.
- On May 1, 2024, Garrison disposed of 92 shares of common stock at a price of $1.94 to cover tax obligations.
- On May 2, 2024, Garrison disposed of 1,014 shares of common stock at a price of $2.02 to cover tax obligations.
- Following these transactions, Garrison directly owns 443,745 shares of Digital Turbine, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It is neutral in sentiment as it simply reports facts.
Industry Context
Executive stock transactions are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Disposal of 92 shares of Digital Turbine common stock at $1.94 per share. |
| 05/02/2024 | Disposal of 1,014 shares of Digital Turbine common stock at $2.02 per share. |
| 05/03/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.