Form 4: Digital Turbine CEO William Gordon Stone III Reports Stock Disposal for Tax Obligations

Digital Turbine's CEO, William Gordon Stone III, disposed of shares to cover tax obligations upon vesting, according to a recent SEC Form 4 filing.

Summary

• William Gordon Stone III, CEO of Digital Turbine, Inc. [APPS], filed a Form 4 with the SEC on February 28, 2025.
• The filing reports a transaction on February 27, 2025, where 2,607 shares of common stock were disposed of at a price of $3.58.
• These shares were disposed of to cover tax obligations upon vesting, and no new shares were issued in connection with this transaction.
• Following the transaction, Stone directly owns 1,662,800 shares of Digital Turbine common stock.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a stock transaction for tax purposes, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals for tax obligations are common.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.

Key Dates