Form 4: Digital Turbine Chief Accounting Officer Disposes Shares for Tax Obligations
Insider Transaction Report
Digital Turbine's Chief Accounting Officer, Joshua Kinsell, disposed of 5,663 shares of common stock on July 8, 2025, to cover tax liabilities upon vesting.
Summary
- Joshua Kinsell, the Chief Accounting Officer of Digital Turbine, Inc. (APPS), reported a transaction involving the company's common stock.
- On July 8, 2025, Kinsell disposed of 5,663 shares of Digital Turbine Common Stock.
- The disposition was made at a price of $5.65 per share.
- This transaction was coded as 'F', indicating that shares were withheld to cover tax obligations upon the vesting of equity units.
- Following this transaction, Kinsell beneficially owns 295,203 shares of Digital Turbine Common Stock.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares to cover tax obligations upon vesting of equity awards, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Management Comments
- Units were disposed upon vesting in lieu of taxes owed.
Industry Context
This transaction is a routine insider stock disposition, specifically for tax withholding purposes related to equity compensation. Such transactions are common across various industries for executives receiving stock-based awards and do not typically reflect broader industry trends or competitive positioning.
Comparison to Industry Standards
- The disposition of shares to cover tax liabilities upon vesting of equity awards is a standard practice for executives across all industries who receive stock-based compensation. This is a common mechanism to manage the tax implications of equity vesting, aligning with typical corporate compensation structures.
Stakeholder Impact
- Shareholders may note a minor reduction in insider holdings, but this is a routine tax-related transaction and is unlikely to have a significant impact on shareholder sentiment or company valuation.
Key Dates
| Date | Description |
|---|---|
| 07/08/2025 | Date of the reported transaction (disposition of shares). |
| 07/10/2025 | Date the Form 4 was signed by the reporting person. |
Recommendation
holdKeywords
Digital Turbine, APPS, Joshua Kinsell, Form 4, insider transaction, stock disposition, tax withholding, beneficial ownership, Chief Accounting Officer
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