Akkerman Michael 4
4 · Digital Turbine, Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Digital Turbine (APPS) CBO Michael Akkerman Sells 19,313 Shares
What Happened
Michael Akkerman, Chief Business Officer of Digital Turbine (APPS), had 19,313 shares disposed on June 8, 2026 to cover tax obligations related to vesting. The shares were recorded at $8.67 each, for a total value of $167,444. This was a tax-withholding disposition rather than an open-market sale for investment reasons.
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-09 (timely).
- Price: $8.67 per share; Total value: $167,444.
- Transaction code: F — payment of exercise price or tax liability (sell to cover).
- Footnote: No new shares were issued in connection with this transaction; units were disposed upon vesting in lieu of taxes owed (F1).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a routine tax-withholding disposition (often called a "sell to cover") tied to vested units, not an independent sale signaling a view on the company's stock. For options/award-related dispositions, this means the insider retained the remaining vested shares (if any) after surrendering units to satisfy tax withholding.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-06-08$8.67/sh−19,313$167,444→ 261,232 total
Footnotes (1)
- [F1]No corresponding shares of common stock were issued in connection with this transaction. Units were disposed upon vesting in lieu of taxes owed.