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

Digital Turbine's CEO, William Gordon Stone III, sold a small portion of his shares to cover tax obligations arising from vesting.

Summary

• Digital Turbine's CEO, William Gordon Stone III, sold 2,141 shares on November 27, 2024, at a price of $1.43 per share.
• He also sold 244 shares on November 29, 2024, at a price of $1.44 per share.
• These sales were made to cover tax obligations related to the vesting of stock units.
• No new shares were issued in connection with these transactions.
• Following these transactions, Mr. Stone beneficially owns 1,667,917 shares of Digital Turbine stock.

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 units vest.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across the technology industry.
• Many companies use stock-based compensation as part of their executive pay packages, leading to similar tax-related sales.
• Companies like Google (Alphabet), Meta (Facebook), and Amazon also see similar transactions from their executives.

Stakeholder Impact

• The impact on shareholders is likely to be minimal as the number of shares sold is small relative to the total outstanding shares.
• The transaction is a normal part of executive compensation and should not affect employee morale or customer relationships.

Key Dates

Keywords

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