Form 4: Digital Turbine CEO William Gordon Stone III Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Digital Turbine's CEO, William Gordon Stone III, disposed of 244 shares of common stock on August 30, 2024, to cover tax obligations upon vesting.
Summary
- On August 30, 2024, William Gordon Stone III, the CEO of Digital Turbine, Inc., disposed of 244 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of units.
- The price per share was $3.22.
- Following the transaction, Stone directly owns 1,572,407 shares of Digital Turbine common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but the amount is relatively small compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of the transaction where 244 shares were disposed of. |
| 09/03/2024 | Date of signature for the Form 4 filing. |
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