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

J. Barrett Garrison, Executive Vice President and CFO of Digital Turbine, Inc., disposed of shares to cover tax obligations upon vesting on November 1, 2024.

Summary

• On November 1, 2024, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 75 and 946 shares of common stock at a price of $3.16 per share to cover tax obligations.
• The transactions did not involve the issuance of new shares.
• Following the transactions, Garrison directly owns 438,081 shares of Digital Turbine, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine disposal of shares to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Executive share disposals are a common occurrence, often related to tax obligations upon vesting of stock options or restricted stock units. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects, although disposals for tax purposes are generally viewed as routine.

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 related to tax obligations.

Key Dates