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

Role
Chief Technology Officer
Signature
/s/ Senthilkumaran Kanagaratnam
Stock symbol
APPS
Transactions as of
Aug 27, 2024
Transactions value $
$535,000
Form type
4
Date filed
8/29/2024, 05:15 PM
Previous filing
Aug 23, 2024
Next filing
Nov 4, 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 $535K +250K $2.14 250K Aug 27, 2024 Common Stock 250K $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.