William Gordon Stone III - 16 Jun 2022 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Role
Chief Executive Officer, Director
Signature
/s/ William Gordon Stone III
Issuer symbol
APPS
Transactions as of
16 Jun 2022
Net transactions value
-$944,914
Form type
4
Filing time
17 Jun 2022, 19:05:50 UTC
Previous filing
07 Jun 2022
Next filing
05 Jul 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 Options Exercise $106,000 +100,000 +7% $1.06* 1,529,600 16 Jun 2022 Direct
transaction APPS Common Stock Options Exercise $107,250 +75,000 +4.9% $1.43* 1,604,600 16 Jun 2022 Direct
transaction APPS Common Stock Tax liability $652,191 -43,654 -2.7% $14.94 1,560,946 16 Jun 2022 Direct
transaction APPS Common Stock Tax liability $505,973 -33,867 -2.2% $14.94 1,527,079 16 Jun 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 Employee Stock Options (right to buy) Options Exercise $0 -100,000 -100% $0.000000* 0 16 Jun 2022 Common Stock 100,000 $1.06 Direct F1, F2
transaction APPS Employee Stock Options (right to buy) Options Exercise $0 -75,000 -43% $0.000000 100,000 16 Jun 2022 Common Stock 75,000 $1.43 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Employee stock options (right to buy) ("Options") granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan.
F2 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 month during the remaining three years.
F3 Options vest over four years. 50% vest on the 2-year anniversary of the grant date (i.e., the date indicated), and the remaining 50% vest on the 4-year anniversary of the grant date.