Digital Turbine (NASDAQ: APPS) CAO reports tax-withholding equity disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. Chief Accounting Officer Joshua Kinsell reported a routine tax-related transaction involving the company’s common stock. On this Form 4, 5,663 units were disposed of to satisfy taxes due upon vesting, with no corresponding new common shares issued in the process.
After this tax-withholding disposition, Kinsell directly holds 265,276 shares of Digital Turbine common stock. The transaction reflects a standard compensation and tax-settlement mechanism rather than an open-market purchase or sale.
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 | $10.50 | $59K |
Holdings After Transaction:
Common Stock — 265,276 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding units: 5,663 units
Implied tax price per unit: $10.50 per unit
Shares held after transaction: 265,276 shares
3 metrics
Tax-withholding units
5,663 units
Disposed upon vesting in lieu of taxes owed
Implied tax price per unit
$10.50 per unit
Value used for the 5,663-unit tax-withholding disposition
Shares held after transaction
265,276 shares
Digital Turbine common stock directly owned by Kinsell after disposition
Key Terms
tax-withholding disposition, vested units, Form 4
3 terms
tax-withholding disposition financial
"It was a tax-withholding disposition, where 5,663 units were used to cover 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.
vested units financial
"Units were disposed upon vesting in lieu of taxes owed"
Form 4 regulatory
"On this Form 4, 5,663 units were disposed of to satisfy taxes due upon vesting"
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.
FAQ
What insider transaction did Digital Turbine (APPS) report for Joshua Kinsell?
Digital Turbine reported that Chief Accounting Officer Joshua Kinsell disposed of 5,663 units in a tax-withholding transaction tied to vesting. No new common shares were issued, and this reflects standard equity compensation tax settlement rather than an open-market trade.
Was the Digital Turbine (APPS) insider transaction an open-market sale?
The transaction was not an open-market sale. It was a tax-withholding disposition, where 5,663 units were used to cover taxes owed upon vesting, with no corresponding common stock issued or sold on the open market.
What does a tax-withholding disposition mean for Digital Turbine (APPS) insiders?
A tax-withholding disposition means equity units are used to pay taxes due when awards vest. For Digital Turbine insiders, this is a routine compensation mechanism and does not represent a discretionary buy or sell decision in the open market.