Digital Turbine (NASDAQ: APPS) CEO logs tax-withholding share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. CEO William Gordon Stone III reported a small tax-related share disposition. On the reported date, 1,968 shares of common stock were disposed of through a tax-withholding transaction tied to vesting units, rather than an open-market sale. After this event, he held 1,750,146 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STONE WILLIAM GORDON III
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,968 | $4.21 | $8K |
Holdings After Transaction:
Common Stock — 1,750,146 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Digital Turbine (APPS) CEO report on this Form 4?
Digital Turbine’s CEO reported a tax-related disposition of 1,968 common shares. The shares were withheld to cover taxes due upon vesting of units, rather than sold in the open market, leaving him with 1,750,146 directly held shares afterward.
Was the Digital Turbine (APPS) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition, where units were disposed upon vesting to satisfy taxes owed, and no new common shares were issued in connection with this transaction according to the footnote.
What does transaction code F mean in the Digital Turbine (APPS) CEO’s Form 4?
Transaction code F indicates a payment of exercise price or tax liability by delivering securities. In this case, 1,968 units were disposed upon vesting in lieu of taxes owed, and no corresponding new shares of common stock were issued in the process.
Is the Digital Turbine (APPS) CEO’s Form 4 transaction classified as a buy or sell?
The transaction is classified as a disposition for tax withholding, not a traditional buy or sell. It reduced the number of units upon vesting to satisfy tax liabilities, while leaving the CEO with 1,750,146 directly owned common shares afterward.