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 942 shares of common stock on February 27, 2024, to cover tax obligations.
Summary
- On February 27, 2024, J. Barrett Garrison, the Executive Vice President and CFO of Digital Turbine, Inc., disposed of 942 shares of common stock.
- The transaction was executed to cover tax obligations.
- Following the transaction, Garrison directly owns 445,035 shares of Digital Turbine's common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
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 appears to be a standard sale to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction relative to the executive's total holdings.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: J. Barrett Garrison disposed of 942 shares of common stock. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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