Form 4: Digital Turbine CBO Sells Shares for Tax Obligations

Digital Turbine's Chief Business Officer, Michael Akkerman, disposed of 28,965 shares of common stock to cover tax obligations related to vesting.

Summary

• Michael Akkerman, Chief Business Officer of Digital Turbine, Inc. (APPS), reported a transaction on March 3, 2026.
• The transaction involved the disposition of 28,965 shares of Digital Turbine Common Stock.
• The shares were disposed of at a price of $4.19 per share.
• This disposition was made to cover tax liabilities upon the vesting of units, with no corresponding shares of common stock issued.
• Following this transaction, Michael Akkerman beneficially owns 280,545 shares of Digital Turbine Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine disposition of shares to cover tax obligations upon vesting, which is a common practice and does not indicate a change in the company's fundamental outlook or management's confidence.

Future Outlook

This Form 4 filing is a historical report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider transactions, particularly dispositions for tax purposes upon vesting, are common and generally considered routine. They typically do not reflect a change in management's confidence in the company's long-term prospects but rather a standard compensation and tax planning event.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related disposition by an insider, not a discretionary sale indicating a lack of confidence.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction for tax purposes and does not provide new fundamental information about Digital Turbine's business operations, financial performance, or strategic direction. Therefore, a seasoned investor would likely maintain their current position based solely on this filing, awaiting more substantive corporate updates.

Keywords

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