William Gordon Stone III - Jun 1, 2021 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Role: Chief Executive Officer, Director
Signature: /s/ William Gordon Stone III
Stock symbol: APPS
Transactions as of: Jun 1, 2021
Transactions value $: $2,794,053
Form type: 4
Date filed: 6/3/2021, 07:21 PM
Previous filing: Dec 17, 2021
Next filing: Mar 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APPS	Common Stock	Award	$0	+48K	+4.63%	$0.00	1.08M	Jun 1, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APPS	Performance Stock Units	Award	$0	+24K		$0.00	24K	Jun 1, 2021	Common Stock	24K	$0.00	Direct	F3, F4, F5
transaction	APPS	Employee Stock Options (right to buy)	Award	$2.79M	+41.3K		$67.71^*	41.3K	Jun 1, 2021	Common Stock	41.3K	$67.71	Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan.
F2	RSUs vest over four years. One-fourth of the RSUs vest on the first anniversary of the grant date (i.e., the date indicated). The balance vest proportionately each month during the remaining three years following such first anniversary.
F3	Performance Stock Units ("PSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan.
F4	This is a target only. The value of PSUs is tied to satisfaction of certain performance criteria (other than the price of Issuer's common stock) determined after the close of FY2024. Reporting Person may acquire shares of Issuer's common stock to the extent that the performance criteria are satisfied. The actual number of shares ultimately deliverable ranges from -0- to 48,000 (subject to any subsequent stock splits and the like).
F5	Not applicable
F6	Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2020 Equity Incentive Plan.
F7	Options vest over four years. One-fourth of the Options vest on the first anniversary of the grant date (i.e., the date indicated in Column 3 of Table II), and the balance vests proportionately each month during the remaining three years following such first anniversary.