Matthew Gillis - Jul 15, 2022 Form 3 Insider Report for Digital Turbine, Inc. (APPS)

Role: President
Signature: /s/ Matthew Gillis
Stock symbol: APPS
Transactions as of: Jul 15, 2022
Transactions value $: $0
Form type: 3
Date filed: 8/4/2022, 10:56 AM
Next filing: Jan 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	APPS	Common Stock						48.7K	Jul 15, 2022	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
holding	APPS	Employee Stock Options (right to buy)							Jul 15, 2022	Common Stock	7.66K	$55.71	Direct	F3, F4
holding	APPS	Employee Stock Options (right to buy)							Jul 15, 2022	Common Stock	18.2K	$29.33	Direct	F3, F5
holding	APPS	Performance Stock Units							Jul 15, 2022	Common Stock	11.3K	$0.00	Direct	F6, F7, F8

* 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	Amount consists of two RSU grants: (1) On 1/5/22 22,438 RSUs were granted, which RSUs vest over three years, with one-third vesting on the first anniversary of the grant date, and the balance vesting proportionately each month over the remaining two years; and (2) On 5/27/22 26,257 RSUs were granted, which RSUs vest over four years, with one-fourth vesting on the first anniversary of the grant date, and the balance vesting proportionately each quarter over the remaining three years.
F3	Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2020 Equity Incentive Plan.
F4	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 over the remaining two years.
F5	Options vest over four years. One-fourth 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.
F6	Performance Stock Units ("PSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan.
F7	Not applicable
F8	This is a target only. The value of the 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 22,506 (subject to any subsequent stock splits and the like).