William Gordon Stone III - Jun 16, 2022 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Role
Chief Executive Officer, Director
Signature
/s/ William Gordon Stone III
Stock symbol
APPS
Transactions as of
Jun 16, 2022
Transactions value $
-$944,914
Form type
4
Date filed
6/17/2022, 07:05 PM
Previous filing
Jun 7, 2022
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPS Common Stock Options Exercise $106K +100K +6.99% $1.06* 1.53M Jun 16, 2022 Direct
transaction APPS Common Stock Options Exercise $107K +75K +4.9% $1.43* 1.6M Jun 16, 2022 Direct
transaction APPS Common Stock Tax liability -$652K -43.7K -2.72% $14.94 1.56M Jun 16, 2022 Direct
transaction APPS Common Stock Tax liability -$506K -33.9K -2.17% $14.94 1.53M Jun 16, 2022 Direct

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) Options Exercise $0 -100K -100% $0.00* 0 Jun 16, 2022 Common Stock 100K $1.06 Direct F1, F2
transaction APPS Employee Stock Options (right to buy) Options Exercise $0 -75K -42.86% $0.00 100K Jun 16, 2022 Common Stock 75K $1.43 Direct F1, F3
* 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 2011 Amended and Restated Equity Incentive Plan.
F2 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 month during the remaining three years.
F3 Options vest over four years. 50% vest on the 2-year anniversary of the grant date (i.e., the date indicated), and the remaining 50% vest on the 4-year anniversary of the grant date.