Digital Turbine (NASDAQ: APPS) CAO uses 556 shares to cover vesting taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. Chief Accounting Officer Joshua Kinsell reported a routine tax-related share disposition. On the reported date, 556 shares of common stock were disposed of at a price of $4.46 per share to cover taxes due upon vesting of units, and no new shares were issued in connection with this transaction. After this tax-withholding disposition, Kinsell directly held 270,939 shares of Digital Turbine common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kinsell Joshua
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 556 | $4.46 | $2K |
Holdings After Transaction:
Common Stock — 270,939 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 556 shares
Transaction price: $4.46 per share
Shares held after transaction: 270,939 shares
3 metrics
Tax-withheld shares
556 shares
Common stock disposed to cover taxes
Transaction price
$4.46 per share
Price used for the tax-withholding disposition
Shares held after transaction
270,939 shares
Directly owned by Joshua Kinsell following the event
Key Terms
tax-withholding disposition, Chief Accounting Officer, Form 4, vesting
4 terms
tax-withholding disposition financial
"The transaction was classified as a tax-withholding disposition to satisfy taxes owed."
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.
Chief Accounting Officer financial
"Joshua Kinsell serves as Chief Accounting Officer of Digital Turbine, Inc."
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
Form 4 regulatory
"The insider transaction was reported on SEC Form 4 for Digital Turbine, Inc."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
vesting financial
"Units were disposed upon vesting in lieu of taxes owed, according to the footnote."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Digital Turbine (APPS) insider Joshua Kinsell report in this Form 4?
Joshua Kinsell, Chief Accounting Officer of Digital Turbine, reported a tax-related disposition of 556 common shares. The shares were used to satisfy taxes owed upon vesting of units, rather than an open-market sale, and no new shares were issued in this event.
What are Joshua Kinsell’s Digital Turbine (APPS) holdings after this Form 4 transaction?
After the reported tax-withholding event, Joshua Kinsell directly held 270,939 shares of Digital Turbine common stock. This holding figure is disclosed in the Form 4 as the total number of shares beneficially owned following completion of the transaction.
What does the tax-withholding code F mean in this Digital Turbine (APPS) Form 4?
Code F in the transaction indicates payment of a tax liability by delivering securities. In this case, 556 shares were disposed of to satisfy taxes on vesting units, with the filing describing it as a tax-withholding disposition rather than a discretionary purchase or sale.