4/A: Digital Turbine CEO Corrects Beneficial Ownership in Amended SEC Filing

William Gordon Stone III, CEO of Digital Turbine, files an amended SEC Form 4/A to correct an overstatement of beneficial ownership following a transaction on September 29, 2023.

Summary

• Digital Turbine's CEO, William Gordon Stone III, filed an amended SEC Form 4/A on July 2, 2024, to correct a previously reported overstatement of beneficial ownership.
• The correction pertains to a disposal of shares on September 29, 2023, used to cover taxes associated with a Restricted Stock Unit (RSU) vesting event.
• The original Form 4 filing incorrectly reported the beneficial ownership amount, overstating it by 127,594 shares.
• The corrected beneficial ownership as of September 29, 2023, is now accurately reflected, and subsequent Form 4 filings will also incorporate this correction.
• After the transaction on September 29, 2023, Stone directly owns 1,589,260 shares of common stock.

Sentiment

Score: 6

Explanation: The document is a routine correction of an SEC filing. While the initial error is a minor negative, the prompt correction is a positive. Overall, the impact is neutral.

Negatives

• The original SEC filing contained an error, overstating the CEO's beneficial ownership by 127,594 shares.

Industry Context

SEC filings related to beneficial ownership are standard practice for publicly traded companies and their executives. Amendments are sometimes necessary to correct errors or reflect updated information.

Stakeholder Impact

• The correction of the beneficial ownership ensures accurate information is available to shareholders and the public.

Key Dates