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Tax-withholding share disposition by Digital Turbine (APPS) chief business officer

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Digital Turbine, Inc. Chief Business Officer Michael Akkerman reported a tax-related share disposition. On this Form 4, he disposed of 28,965 shares of common stock at $4.19 per share in a transaction classified as a tax-withholding disposition. Following this, he directly owns 280,545 common shares.

The footnote clarifies that no new common shares were issued for this event; units were disposed upon vesting to cover taxes owed rather than through an open-market sale.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Akkerman Michael

(Last) (First) (Middle)
110 SAN ANTONIO STREET
SUITE 160

(Street)
AUSTIN TX 78701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Digital Turbine, Inc. [ APPS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Business Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/03/2026 F 28,965(1) D $4.19 280,545 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. No corresponding shares of common stock were issued in connection with this transaction. Units were disposed upon vesting in lieu of taxes owed.
Remarks:
/s/ Michael Akkerman 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did APPS executive Michael Akkerman report?

Michael Akkerman reported a tax-related disposition of 28,965 shares of Digital Turbine common stock. The transaction was coded as a tax-withholding disposition, meaning units were surrendered upon vesting to cover taxes owed, rather than sold on the open market.

How many Digital Turbine (APPS) shares does Michael Akkerman hold after this Form 4?

After the reported transaction, Michael Akkerman directly holds 280,545 shares of Digital Turbine common stock. This figure reflects his ownership following the disposal of 28,965 shares in a tax-withholding transaction related to vested units, as disclosed in the Form 4 filing.

Was the APPS insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. It was coded as a tax-withholding disposition, and the footnote explains that units were disposed upon vesting in lieu of taxes owed, with no corresponding new common shares issued in this event.

What price per share was used in Michael Akkerman’s APPS tax-withholding disposition?

The Form 4 lists a price of $4.19 per share for the 28,965 Digital Turbine common shares disposed. This price is used for reporting the value of the tax-withholding disposition related to vested units, not necessarily as an executed market sale price.

What does the footnote in Michael Akkerman’s APPS Form 4 explain?

The footnote explains that no corresponding common shares were issued in connection with this event. Instead, units were disposed upon vesting to satisfy taxes owed, clarifying that the transaction reflects tax withholding rather than a traditional purchase or sale of shares.
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