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 October 1, 2024.
Summary
- On October 1, 2024, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 75 shares of common stock.
- The transaction was executed to cover tax obligations upon the vesting of units.
- The price per share was $2.81.
- Following the transaction, Garrison directly owns 439,102 shares of Digital Turbine, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: J. Barrett Garrison disposed of shares to cover tax obligations. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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