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 92 shares of common stock on March 1, 2024, to cover tax obligations.
Summary
- On March 1, 2024, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 92 shares of the company's common stock.
- The transaction was executed at a price of $3.21 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Garrison directly owns 444,943 shares of Digital Turbine common stock.
Sentiment
Score: 5
Explanation: This is a neutral 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 the US stock market, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The disposal of a small number of shares is unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the transaction where 92 shares of common stock were disposed of. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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