Form 4: Digital Turbine Chief Business Officer Disposes Shares for Tax Obligations

Digital Turbine, Inc.'s Chief Business Officer, Michael Akkerman, disposed of 19,313 shares of common stock to cover tax withholding obligations related to vesting, maintaining a beneficial ownership of 348,136 shares.

Summary

• Michael Akkerman, Chief Business Officer of Digital Turbine, Inc. (APPS), reported a disposition of common stock.
• On June 3, 2025, Mr. Akkerman disposed of 19,313 shares of Digital Turbine common stock.
• The disposition was made at a price of $4.58 per share.
• This transaction, coded 'F', indicates a disposition to the issuer to satisfy tax withholding obligations upon the vesting of equity units.
• No new shares of common stock were issued in connection with this transaction.
• Following this transaction, Mr. Akkerman beneficially owns 348,136 shares of Digital Turbine common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine disposition for tax purposes, not a discretionary sale, and is a common occurrence for executives receiving equity compensation.

Positives

• The transaction is a routine disposition for tax purposes, indicating the vesting of equity awards, which can be seen as a positive for executive compensation and retention.

Negatives

• The disposition reduces the direct shareholding of a key executive, though it is for a standard tax obligation rather than a discretionary sale.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a disposition of shares to cover tax obligations upon vesting of equity awards. Such transactions are common across all industries when executives receive equity compensation and are generally not indicative of broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition and is unlikely to have a significant direct impact on shareholders, beyond a minor reduction in insider ownership.
• Employees: The transaction reflects the vesting of equity awards, which is part of executive compensation, potentially signaling continued alignment of executive interests with company performance.

Key Dates

Keywords

Digital Turbine, APPS, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Executive Compensation, Michael Akkerman, Chief Business Officer