Michael Akkerman - May 23, 2025 Form 4 Insider Report for Digital Turbine, Inc. (APPS)

Signature
/s/ Michael Akkerman
Stock symbol
APPS
Transactions as of
May 23, 2025
Transactions value $
$599,999
Form type
4
Date filed
5/28/2025, 06:11 PM
Previous filing
Mar 4, 2025
Next filing
Jun 4, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Akkerman Michael Chief Business Officer 110 SAN ANTONIO STREET, SUITE 160, AUSTIN /s/ Michael Akkerman 2025-05-28 0002025822

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 $600K +185K $3.24 185K May 23, 2025 Common Stock 185K $3.24 Direct F1, F2, F3
transaction APPS Performance Stock Units Award $0 +138K $0.00 138K May 23, 2025 Common Stock 138K $0.00 Direct F4, F5, F6
* 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 Options vest over three years. One-third of the Options vest on the first anniversary of the grant date (i.e., the date indicated), and the balance vests proportionately each quarter during the remaining two years.
F3 Stock options expire ten years from the grant date of May 23, 2025.
F4 Performance Stock Units ("PSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan.
F5 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 FY2028. The 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 137,615 (subject to any subsequent stock splits and the like).
F6 Not applicable