Senthilkumaran Kanagaratnam - 22 May 2023 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Role
Chief Technology Officer
Signature
/s/ Senthilkumaran Kanagaratnam
Issuer symbol
APPS
Transactions as of
22 May 2023
Net transactions value
+$461,602
Form type
4
Filing time
25 May 2023, 18:42:39 UTC
Previous filing
14 Apr 2023
Next filing
14 Jul 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 +21,762 +16% $0.000000 156,897 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 $461,602 +32,145 $14.36 32,145 22 May 2023 Common Stock 32,145 $14.36 Direct F3, F4
transaction APPS Performance Stock Units Award $0 +43,524 $0.000000 43,524 22 May 2023 Common Stock 43,524 $0.000000 Direct F5, 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. 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. 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.
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 87,047 (subject to any subsequent stock splits and the like).
F7 Not applicable