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 19,980 shares of common stock on September 3, 2024, to cover tax obligations upon vesting.
Summary
- On September 3, 2024, Michael Akkerman, the Chief Business Officer of Digital Turbine, Inc., disposed of 19,980 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of units.
- The shares were disposed of at a price of $3.04 per share.
- Following the transaction, Akkerman directly owns 408,591 shares of Digital Turbine common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of a stock transaction by a company executive to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock; this provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Michael Akkerman disposed of shares. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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