William Gordon Stone III - 12 Jul 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: 12 Jul 2022
Net transactions value: -$398,305
Form type: 4
Filing time: 14 Jul 2022, 14:18:13 UTC
Previous filing: 11 Jul 2022
Next filing: 04 Aug 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	$294,500	+50,000	+3.2%	$5.89	1,632,060	12 Jul 2022	Direct
transaction	APPS	Common Stock	Tax liability	$398,305	-24,391	-1.5%	$16.33	1,607,669	12 Jul 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	$294,500	-50,000	-100%	$5.89	0	12 Jul 2022	Common Stock	50,000	$5.89	Direct	F1, F2

* 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 three years. One-third 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 two years.