Form 4: Digi International Executive Sells Shares to Cover Tax Obligations

A Digi International executive, David H. Sampsell, sold shares to cover tax obligations related to stock awards.

Summary

• David H. Sampsell, a VP at Digi International, sold a total of 1,711 shares of common stock on November 22nd and 24th, 2024.
• The sales were executed at a price of $32.95 per share.
• These transactions were made to cover tax obligations related to stock awards.
• Following these transactions, Mr. Sampsell directly owns 75,873.503 shares of Digi International stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neither positive nor negative.

Industry Context

This is a routine filing related to stock transactions by company executives, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of shares by executives to cover tax obligations is a common occurrence and does not indicate any unusual activity.

Stakeholder Impact

• The stock sale by the executive is unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

Digi International, stock sale, insider trading, executive, Form 4, tax obligations, DGII