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 774 shares of common stock on May 24, 2024, to cover tax obligations.
Summary
- On May 24, 2024, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 774 shares of common stock.
- The transaction was executed at a price of $2.14 per share.
- This disposal was likely to cover tax obligations related to vesting of stock or option exercise.
- Following the transaction, Garrison directly owns 440,362 shares of Digital Turbine, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is a common occurrence where executives sell shares to cover tax obligations.
Stakeholder Impact
- The disposal of shares by an executive may have a minimal impact on shareholders, as it is a relatively small transaction and likely related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of transaction: J. Barrett Garrison disposed of 774 shares of Digital Turbine stock. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
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