Form 4: Digital Turbine CEO Disposes of Shares for Tax Obligations

Digital Turbine, Inc. CEO William Gordon Stone III reported a routine disposition of 244 shares of common stock to cover tax liabilities related to vested equity awards.

Summary

• William Gordon Stone III, Chief Executive Officer and Director of Digital Turbine, Inc. (APPS), reported a transaction on May 30, 2025.
• The transaction involved the disposition of 244 shares of Digital Turbine common stock at a price of $4.72 per share.
• This disposition was coded as 'F', indicating shares were withheld upon vesting to satisfy tax obligations.
• Following this transaction, Mr. Stone beneficially owns 1,758,013 shares of Digital Turbine common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine administrative transaction (tax withholding on vested equity) and does not reflect a voluntary sale or a change in the company's operational or financial outlook.

Future Outlook

NA

Management Comments

• Units were disposed upon vesting in lieu of taxes owed.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation and tax obligations, which is common across all industries for executives receiving stock-based awards. It does not provide insights into broader industry trends.

Stakeholder Impact

• Shareholders: Minimal to no direct impact as this is a small, routine disposition for tax purposes and not a voluntary sale indicating a change in management's confidence.

Key Dates

Keywords

Digital Turbine, APPS, Form 4, Insider Transaction, CEO, Stock Disposition, Tax Withholding, Equity Compensation