Form 4: Digital Turbine CBO Sells Shares for Tax Obligations

Digital Turbine's Chief Business Officer, Michael Akkerman, disposed of 19,313 shares of common stock to cover tax liabilities upon vesting.

Summary

• Michael Akkerman, Chief Business Officer of Digital Turbine, Inc. (APPS), reported a disposition of common stock.
• The transaction occurred on December 8, 2025, and was filed on December 9, 2025.
• A total of 19,313 shares of common stock were disposed of at a price of $4.91 per share.
• This disposition was made pursuant to a Rule 10b5-1 plan and was in lieu of taxes owed upon the vesting of units.
• Following this transaction, Michael Akkerman beneficially owns 309,510 shares of Digital Turbine common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary disposition of shares by an insider to cover tax obligations upon vesting, which is a neutral event from an investment sentiment perspective.

Future Outlook

The filing indicates a pre-planned disposition of shares under a Rule 10b5-1 plan, suggesting a routine, non-discretionary future event related to executive compensation and tax planning.

Industry Context

This filing represents a routine insider transaction for tax purposes, common across all industries for executives receiving equity compensation. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but for a routine tax-related purpose, not indicative of a change in management's confidence in the company.

Key Dates

Keywords

Digital Turbine, APPS, Form 4, Insider Transaction, Michael Akkerman, Chief Business Officer, Stock Sale, Tax Obligations, Vesting