Form 4: Digital Turbine CEO William Stone III Reports Stock Transactions

William Gordon Stone III, CEO of Digital Turbine, Inc., reports the acquisition and disposal of common stock and performance stock units on August 1st and 2nd, 2024.

Summary

• On August 1, 2024, William Gordon Stone III, CEO of Digital Turbine, disposed of 244 shares of common stock at a price of $2.21.
• On August 2, 2024, Stone acquired 6,439 shares of common stock at $0 and disposed of 1,568 shares at $1.98.
• These transactions involved the vesting of Performance Stock Units (PSUs) based on the satisfaction of certain performance criteria determined after the close of FY2024.
• Following these transactions, Stone directly owns 1,576,409 shares of Digital Turbine common stock and 17,561 Performance Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions are relatively small in scale compared to the overall market capitalization of Digital Turbine.
• Similar filings are made by executives at comparable companies like ironSource and AppLovin, reflecting standard compensation practices involving stock options and PSUs.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The vesting of PSUs could motivate the executive to improve company performance.

Key Dates