Tax withholding trims Digital Turbine (APPS) CAO holdings to 271,495
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. Chief Accounting Officer Joshua Kinsell reported a routine tax-related share disposition. On this Form 4, 618 shares of common stock at $3.37 were withheld to cover taxes due upon vesting, and no new shares were issued in the process.
After this tax-withholding transaction, Kinsell directly holds 271,495 shares of Digital Turbine common stock. The filing characterizes the event as a payment of tax liability by delivering securities, rather than an open-market sale or discretionary trade.
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 | 618 | $3.37 | $2K |
Holdings After Transaction:
Common Stock — 271,495 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 618 shares
Price per share: $3.37/share
Shares held after transaction: 271,495 shares
+1 more
4 metrics
Tax-withheld shares
618 shares
Shares delivered to cover tax liability on vesting
Price per share
$3.37/share
Value used for the 618-share tax-withholding disposition
Shares held after transaction
271,495 shares
Direct holdings of Joshua Kinsell following the Form 4 event
Tax-withholding transactions
1 transaction, 618 shares
Aggregate tax-withholding activity in this Form 4
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, vested, Common Stock
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 618 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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
vested financial
"footnote: "Units were disposed upon vesting in lieu of taxes owed.""
Common Stock financial
"security_title: "Common Stock" reported for 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.
FAQ
What insider transaction did Digital Turbine (APPS) report for Joshua Kinsell?
Digital Turbine reported that Chief Accounting Officer Joshua Kinsell had 618 shares withheld to cover tax obligations upon vesting. This Form 4 shows a tax-withholding disposition, not an open-market sale, and reflects routine compensation-related share settling.
Was the Digital Turbine (APPS) insider transaction an open-market sale?
No. The Form 4 describes the event as a tax-withholding disposition, where 618 shares were delivered to cover tax liabilities upon vesting. A footnote clarifies that no corresponding new common shares were issued, distinguishing it from an open-market sale.
What does the tax-withholding code on Digital Turbine (APPS) Form 4 mean?
The transaction is coded as payment of tax liability by delivering securities, indicating shares were withheld to pay taxes on vested units. This is a standard, non-market mechanism tied to equity compensation, rather than a discretionary buy or sell in the open market.