Senthilkumaran Kanagaratnam - 27 Aug 2024 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Signature
/s/ Senthilkumaran Kanagaratnam
Issuer symbol
APPS
Transactions as of
27 Aug 2024
Net transactions value
+$535,000
Form type
4
Filing time
29 Aug 2024, 17:15:12 UTC
Previous filing
23 Aug 2024
Next filing
04 Nov 2024

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 $535,000 +250,000 $2.14 250,000 27 Aug 2024 Common Stock 250,000 $2.14 Direct F1, F2, F3, F4
* 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 2020 Equity Incentive Plan.
F2 Mr. Kanagaratnam was granted employee stock options on May 24, 2024 to acquire shares of the Issuer's common stock, contingent on and subject to stockholder approval of an amendment to the Issuer's 2020 Equity Incentive Plan to increase the number of shares available for grant at the 2024 Annual Meeting. On August 27, 2024, the amendment was approved.
F3 One third of the stock options vest on the first anniversary, with the remaining amount vesting proportionally each quarter over a two year period.
F4 Stock options expire ten years from the grant date of May 24, 2024.