J. BARRETT GARRISON - 22 May 2023 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Role: Executive Vice President, CFO
Signature: /s/ Barrett Garrison
Issuer symbol: APPS
Transactions as of: 22 May 2023
Net transactions value: $0
Form type: 4
Filing time: 25 May 2023, 18:37:34 UTC
Previous filing: 03 May 2023
Next filing: 06 Jun 2023
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	+43,524	+12%	$0.000000	405,412	22 May 2023	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
transaction	APPS	Employee Stock Options (right to buy)	Award	$0	+64,291		$0.000000	64,291	22 May 2023	Common Stock	64,291	$14.36	Direct	F3, F4
transaction	APPS	Performance Stock Units	Award	$0	+87,047	+24180%	$0.000000	87,407	22 May 2023	Common Stock	87,047	$0.000000	Direct	F5, F6, F7
transaction	APPS	Performance Stock Units	Award	$0	+34,819		$0.000000	34,819	22 May 2023	Common Stock	34,819	$0.000000	Direct	F5, 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	RSUs vest over four years. One-fourth 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	Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2020 Equity Incentive Plan.
F4	Options vest over four years. One-fourth of the options 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.
F5	Performance Stock Units ("PSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan.
F6	This is a target only. The value of PSUs is tied to satisfaction of certain performance criteria (other than the price of Issuer's common stock) determined after the close of FY2026. 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 174,094 (subject to any subsequent stock splits and the like).
F7	Not applicable
F8	This is a target only. The value of PSUs is tied to satisfaction of certain performance criteria (other than the price of Issuer's common stock) determined after the close of FY2026. 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 69,638 (subject to any subsequent stock splits and the like).