Form 4: Digital Turbine Executive Vice President, CFO, Sells Shares to Cover Tax Obligations
SEC Form 4
J. Barrett Garrison, Executive Vice President and CFO of Digital Turbine, Inc., disposed of 92 shares of common stock on April 1, 2024, to cover tax obligations.
Summary
- On April 1, 2024, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 92 shares of common stock.
- The transaction was executed to cover tax obligations related to equity compensation.
- The shares were disposed of at a price of $2.42 per share.
- Following the transaction, Garrison directly owns 444,851 shares of Digital Turbine, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. This transaction is related to tax obligations, which is a typical occurrence when executives receive stock as part of their compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: J. Barrett Garrison disposed of shares. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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