Form 4: Digital Turbine Executive Vice President 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 upon vesting on January 31, 2025.
Summary
- On January 31, 2025, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 92 and 1,152 shares of common stock to cover taxes owed upon vesting.
- The transactions were executed at a price of $2.62 per share.
- Following the transactions, Garrison directly owns 435,250 shares of Digital Turbine, Inc.
- The sales were conducted to satisfy tax obligations related to the vesting of stock units, with no new shares of common stock issued in connection with these transactions.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, but is generally considered a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of the share disposal transactions. |
| 02/03/2025 | Date of signature on 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.