Form 4: Digital Turbine Executive Michael Akkerman Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Digital Turbine's Chief Business Officer, Michael Akkerman, disposed of 21,829 shares of common stock on March 3, 2025, to cover tax obligations upon vesting.
Summary
- On March 3, 2025, Michael Akkerman, Chief Business Officer of Digital Turbine, Inc., disposed of 21,829 shares of common stock.
- The transaction was executed to cover tax obligations related to the vesting of units.
- The shares were disposed of at a price of $3.17 per share.
- Following the transaction, Akkerman beneficially owns 367,449 shares of Digital Turbine common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the transaction where shares were disposed of. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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