J. BARRETT GARRISON - 27 May 2022 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Role
Executive Vice President, CFO
Signature
/s/ Barrett Garrison
Issuer symbol
APPS
Transactions as of
27 May 2022
Net transactions value
+$1,242,096
Form type
4
Filing time
01 Jun 2022, 17:17:34 UTC
Previous filing
03 May 2022
Next filing
03 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPS Common Stock Award $0 +70,330 +26% $0.000000 341,631 27 May 2022 Direct F1, F2
transaction APPS Common Stock Tax liability $0 -391 -0.11% $0.000000 341,240 31 May 2022 Direct

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 +26,257 $0.000000 26,257 27 May 2022 Common Stock 26,257 $0.000000 Direct F3, F4, F5
transaction APPS Employee Stock Options (right to buy) Award $1,242,096 +42,349 $29.33 42,349 27 May 2022 Common Stock 42,349 $29.33 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. 25% of the RSUs vest on the first anniversary of the grant date (i.e., the date indicated). The balance vest proportionately each quarter over the remaining three years.
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 determined after the close of FY2025. 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 52,514 (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. 25% of the Options vest on the first anniversary of the grant date (i.e., the date indicated), and the balance vests proportionately each quarter over the remaining three years.