Digital Turbine (APPS) CBO logs routine tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. Chief Business Officer Michael Akkerman reported a routine tax-related share disposition on common stock. A total of 19,313 units were disposed of at an indicative value of $8.67 per share to cover taxes due upon vesting.
The filing notes that no new shares of common stock were issued in this transaction and that Akkerman continues to directly hold 261,232 shares of common stock after the tax-withholding event.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Akkerman Michael
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 19,313 | $8.67 | $167K |
Holdings After Transaction:
Common Stock — 261,232 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding units disposed: 19,313 units
Per-unit valuation: $8.67 per share
Shares held after transaction: 261,232 shares
+1 more
4 metrics
Tax-withholding units disposed
19,313 units
Units disposed upon vesting in lieu of taxes owed
Per-unit valuation
$8.67 per share
Value used for tax-withholding disposition
Shares held after transaction
261,232 shares
Common stock directly held by Michael Akkerman
Tax-withholding transactions
1 transaction
TaxWithholdingCount in transaction summary
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Units were disposed upon vesting, Common Stock
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
Units were disposed upon vesting financial
"Units were disposed upon vesting in lieu of taxes owed."
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did APPS executive Michael Akkerman report?
Michael Akkerman reported a routine tax-withholding disposition of 19,313 common stock units. These units were disposed upon vesting to satisfy taxes owed, rather than sold on the open market, and no new common shares were issued in connection with this event.
At what price were the APPS units valued for the tax-withholding disposition?
The disposed units were valued at $8.67 per share for the tax-withholding event. This price is used in the Form 4 to calculate the value of securities delivered to satisfy tax liabilities arising from the vesting of the underlying units.
Did the Digital Turbine Form 4 indicate any new derivative exercises for Michael Akkerman?
No, the summary data show no derivative exercises in this filing. The transaction involves only a non-derivative common stock entry classified as a tax-withholding disposition, with no additional options or similar derivative securities exercised in the reported period.