Form 4: Digital Turbine Chief Accounting Officer Acquires 20,270 Restricted Stock Units

Digital Turbine's Chief Accounting Officer, Joshua Kinsell, acquired 20,270 restricted stock units on October 29, 2024.

Summary

• Joshua Kinsell, the Chief Accounting Officer of Digital Turbine, Inc., acquired 20,270 restricted stock units (RSUs) on October 29, 2024.
• These RSUs were granted under the company's 2020 Equity Incentive Plan.
• The RSUs vest over a two-year period, with half vesting on the first anniversary of the grant date and the remaining balance vesting proportionately each quarter during the following year.
• Following this transaction, Mr. Kinsell directly owns 287,261 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to an executive, which is generally a positive sign of alignment between management and company performance. It is not a major event but is a normal part of corporate operations.

Positives

• The acquisition of RSUs by a key officer demonstrates confidence in the company's future performance.
• The vesting schedule of the RSUs aligns the officer's interests with the long-term success of the company.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when officers or directors have transactions involving company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• The granting of restricted stock units is a common practice among publicly traded technology companies to incentivize and retain key personnel.
• Vesting schedules, such as the two-year schedule described, are also typical in the industry to align employee interests with long-term company performance.
• Other companies such as AppLovin and Unity also use similar equity compensation plans for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns management's interests with the company's performance.

Key Dates

Keywords

restricted stock units, RSUs, equity incentive plan, insider trading, beneficial ownership, Digital Turbine, executive compensation