Digital Turbine (NASDAQ: APPS) CFO reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. Chief Financial Officer Stephen Andrew Lasher reported an automatic tax-related share disposition on Common Stock. The Form 4 shows 15,096 shares at $3.98 per share were disposed of as a tax-withholding transaction, not an open-market sale.
According to the footnote, no new common shares were issued; units were cancelled upon vesting to satisfy taxes owed. After this event, Lasher directly holds 423,531 shares of Digital Turbine common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lasher Stephen Andrew
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 15,096 | $3.98 | $60K |
Holdings After Transaction:
Common Stock — 423,531 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares disposed: 15,096 shares
Per-share value for disposition: $3.98 per share
Shares owned after transaction: 423,531 shares
3 metrics
Tax-withholding shares disposed
15,096 shares
Common Stock, tax-withholding disposition
Per-share value for disposition
$3.98 per share
Tax-withholding transaction price
Shares owned after transaction
423,531 shares
Direct common stock holdings post-transaction
Key Terms
tax-withholding disposition, Common Stock, Form 4, Chief Financial Officer
4 terms
tax-withholding disposition financial
"were disposed of as a tax-withholding transaction, not an open-market sale"
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.
Common Stock financial
"The Form 4 shows 15,096 shares at $3.98 per share were disposed of"
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.
Form 4 regulatory
"According to the Form 4, this was a tax-withholding disposition"
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.
Chief Financial Officer financial
"Digital Turbine, Inc. Chief Financial Officer Stephen Andrew Lasher reported"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What did Digital Turbine (APPS) CFO Stephen Lasher report in this Form 4?
Digital Turbine CFO Stephen Lasher reported a tax-withholding disposition of 15,096 shares of common stock at $3.98 per share, related to vested units, rather than an open-market stock sale.
What is the significance of the $3.98 price in the Digital Turbine (APPS) Form 4?
The $3.98 figure is the per-share value used for the 15,096 shares disposed in the tax-withholding transaction, reflecting the price applied to cover the tax liability upon vesting of units.