Form 4: Digital Turbine Director Acquires 20,000 Shares in Open Market Purchase

Digital Turbine director Robert M. Deutschman purchased 20,000 shares of the company's common stock at a price of $1.23 per share.

Summary

• Robert M. Deutschman, a director at Digital Turbine, Inc., acquired 20,000 shares of common stock on November 19, 2024.
• The shares were purchased at a price of $1.23 per share.
• Following the transaction, Mr. Deutschman directly owns 591,216 shares and indirectly owns 318,268 shares through a trust.
• Mr. Deutschman disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment, as it simply reports a transaction. The director's purchase could be interpreted as a positive sign, but it's not a strong indicator of overall company performance.

Positives

• The director's purchase of shares could be seen as a positive signal of confidence in the company's future prospects.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The purchase of shares by a director is a common occurrence and is not unusual in the context of corporate governance.

Stakeholder Impact

• The share purchase may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Digital Turbine, Director, Share Purchase, Robert M. Deutschman, Insider Trading, Form 4, Equity