Digital Turbine (NASDAQ: APPS) officer surrenders units to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. Chief Accounting Officer Joshua Kinsell reported a tax-withholding disposition of 5,663 shares of Common Stock at $3.09 per share. According to the footnote, units were disposed upon vesting in lieu of taxes owed, and no new shares were issued. After this transaction, he directly holds 272,113 shares of 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 | 5,663 | $3.09 | $17K |
Holdings After Transaction:
Common Stock — 272,113 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withholding shares: 5,663 shares
Tax-withholding price: $3.09 per share
Post-transaction holdings: 272,113 shares
3 metrics
Tax-withholding shares
5,663 shares
Common Stock disposed for tax withholding on 2026-04-08
Tax-withholding price
$3.09 per share
Value assigned to shares surrendered for taxes
Post-transaction holdings
272,113 shares
Common Stock directly held after the transaction
Key Terms
tax-withholding disposition, Common Stock, units were disposed upon vesting
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 5,663 shares"
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
"security_title: "Common Stock" reported in the transaction"
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.
units were disposed upon vesting financial
"Footnote: "Units were disposed upon vesting in lieu of taxes owed.""
FAQ
What did Digital Turbine (APPS) disclose in Joshua Kinsell’s latest Form 4?
Digital Turbine reported that Chief Accounting Officer Joshua Kinsell disposed of 5,663 common shares at $3.09 each for tax withholding. The filing states these units were surrendered upon vesting to cover taxes, and no new shares were issued in this transaction.
Was Joshua Kinsell’s Digital Turbine (APPS) Form 4 transaction an open-market sale?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. A footnote explains that units were disposed upon vesting in lieu of taxes owed, meaning shares were surrendered to satisfy tax obligations rather than sold on the open market.
What does the footnote in the Digital Turbine (APPS) Form 4 say about the transaction?
The footnote explains that no corresponding shares of common stock were issued in connection with this transaction. It clarifies that units were disposed upon vesting in lieu of taxes owed, confirming the event is a tax-withholding mechanism, not an open-market purchase or sale.