William Gordon Stone III - May 27, 2022 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: May 27, 2022
Transactions value $: $3,307,395
Form type: 4
Date filed: 6/1/2022, 05:19 PM
Previous filing: May 11, 2022
Next filing: Jun 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APPS	Common Stock	Award	$0	+141K	+12.37%	$0.00	1.28M	May 27, 2022	Direct	F1, F2
transaction	APPS	Common Stock	Tax liability	-$19.7K	-774	-0.06%	$25.43	1.28M	May 31, 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	+70.3K		$0.00	70.3K	May 27, 2022	Common Stock	70.3K	$0.00	Direct	F3, F4, F5
transaction	APPS	Employee Stock Options (right to buy)	Award	$3.33M	+113K		$29.33	113K	May 27, 2022	Common Stock	113K	$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 140,660 (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.