Tax-withholding share disposition by Digital Turbine (APPS) chief business officer
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Akkerman Michael
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 28,965 | $4.19 | $121K |
Holdings After Transaction:
Common Stock — 280,545 shares (Direct)
Footnotes (1)
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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.
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.