Digital Turbine (APPS) CEO uses 2,607 units to cover vesting taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. Chief Executive Officer William Gordon Stone III reported a Form 4 transaction involving company common stock. On this filing, 2,607 units were disposed of in a tax-withholding transaction tied to vesting, at $4.06 per share. According to the footnote, no new shares of common stock were issued; instead, units were surrendered to cover taxes owed upon vesting. After this disposition, Stone’s directly held stake is 1,747,539 shares of common stock.
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 | 2,607 | $4.06 | $11K |
Holdings After Transaction:
Common Stock — 1,747,539 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Digital Turbine (APPS) report for William Gordon Stone III?
Digital Turbine reported that CEO William Gordon Stone III disposed of 2,607 units of common stock in a tax-withholding transaction. The units were surrendered upon vesting to cover taxes owed, rather than sold in the open market.
What does the Form 4 code F mean in the Digital Turbine (APPS) filing?
In this Form 4, transaction code F indicates payment of a tax liability by delivering securities. For Digital Turbine’s CEO, units were disposed upon vesting in lieu of taxes owed, instead of receiving all vested shares in stock form.
Was the Digital Turbine (APPS) CEO’s Form 4 transaction an open-market sale?
The transaction was not an open-market sale. It is classified as a code F tax-withholding disposition, where 2,607 units were surrendered upon vesting to cover taxes owed, and the footnote confirms no new shares of common stock were issued.
At what price was the tax-withholding disposition recorded in the APPS Form 4?
The tax-withholding disposition for Digital Turbine’s CEO was recorded at $4.06 per share. This price applies to the 2,607 units disposed of in connection with the vesting event used to satisfy the related tax liability.