Form 4: Digital Turbine CEO Sells Shares for Tax Obligations

Digital Turbine CEO William Gordon Stone III disposed of 1,968 shares of common stock to cover tax liabilities related to vesting equity.

Summary

• William Gordon Stone III, Chief Executive Officer and Director of Digital Turbine, Inc. (APPS), reported a transaction involving company common stock.
• On February 20, 2026, Stone III disposed of 1,968 shares of Digital Turbine Common Stock.
• The shares were disposed of at a price of $4.21 per share.
• This transaction was executed to satisfy tax withholding obligations upon the vesting of equity units.
• Following this transaction, Stone III beneficially owns 1,750,146 shares of Digital Turbine common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a routine, non-discretionary disposal of shares to cover tax obligations upon equity vesting, which does not typically reflect a change in company fundamentals or insider sentiment.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that 'sell to cover' transactions, where executives sell a portion of their vested equity to cover tax liabilities, are a common and routine occurrence across all industries. These transactions are generally not indicative of a change in an executive's sentiment towards the company's long-term prospects or performance.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine transaction for tax purposes and does not signal a change in company strategy or performance.

Key Dates

Recommendation

This Form 4 reports a routine 'sell to cover' transaction by the CEO to satisfy tax obligations upon equity vesting. Such transactions are common and generally do not reflect a change in the insider's long-term view of the company, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

Digital Turbine, APPS, Form 4, insider transaction, stock sale, CEO, William Gordon Stone III, tax liability, equity vesting