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

Digital Turbine's CEO, William Gordon Stone III, disposed of 244 common stock units on December 31, 2024, to cover tax obligations related to vesting.

Summary

• Digital Turbine's CEO, William Gordon Stone III, sold 244 common stock units on December 31, 2024.
• The sale was executed at a price of $1.69 per unit.
• The 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 directly owns 1,667,673 common stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the CEO, suggesting this is a routine tax-related transaction rather than a significant divestment.
• Similar transactions are regularly reported by executives at companies like AppLovin, Unity, and ironSource.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

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