Form 4: Digital Turbine CEO Sells Shares to Cover Tax Obligations

Digital Turbine's CEO, William Gordon Stone III, disposed of 1,617 shares of common stock to cover tax obligations related to vesting.

Summary

• Digital Turbine's CEO, William Gordon Stone III, sold 1,617 shares of common stock on November 22, 2024.
• The shares were disposed of at a price of $1.52 per share.
• This transaction was to cover tax obligations arising from the vesting of stock units.
• No new shares were issued as part of this transaction.
• Following the transaction, Mr. Stone beneficially owns 1,670,302 shares of Digital Turbine stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's outlook. It is a neutral event.

Industry Context

This is a routine transaction for executives to manage their tax liabilities related to stock-based compensation. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across the industry.
• Many companies use similar mechanisms for stock-based compensation and subsequent tax management.
• The number of shares sold is relatively small compared to the total holdings of the CEO, which is typical for these types of transactions.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine tax-related sale.

Key Dates

Keywords

Digital Turbine, stock sale, insider trading, William Gordon Stone III, tax obligations, share disposal, executive compensation