Digital Turbine (APPS) CAO records 578-share disposition tied to taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Turbine, Inc. Chief Accounting Officer Joshua Kinsell reported a disposition tied to equity vesting. The Form 4 shows 578 shares of common stock at $4.059 per share, leaving him with 277,776 shares held directly. A footnote explains that no corresponding new shares were issued and that units were disposed upon vesting in lieu of taxes owed, indicating this was a tax-related withholding rather than a discretionary open-market sale for cash proceeds.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 578 shares ($2,346)
Net Sell
1 txn
Insider
Kinsell Joshua
Role
Chief Accounting Officer
Sold
578 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 578 | $4.059 | $2K |
Holdings After Transaction:
Common Stock — 277,776 shares (Direct)
Footnotes (1)
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FAQ
What did Digital Turbine (APPS) insider Joshua Kinsell report in this Form 4?
Joshua Kinsell reported a disposition related to equity vesting involving 578 shares of Digital Turbine common stock at $4.059 per share. A footnote explains that units were disposed upon vesting in lieu of taxes owed, rather than a traditional open-market cash sale.
Was the Digital Turbine (APPS) Form 4 transaction a routine tax withholding event?
The filing’s footnote states no corresponding shares of common stock were issued and that units were disposed upon vesting in lieu of taxes owed. This language indicates the 578-share transaction is tax-related rather than a discretionary sale for investment or portfolio reasons.
What role does Joshua Kinsell hold at Digital Turbine (APPS)?
Joshua Kinsell serves as Chief Accounting Officer of Digital Turbine. His Form 4 filing reports a tax-related disposition of 578 shares tied to equity vesting, after which he continues to directly own 277,776 shares of the company’s common stock.