Form 4: Digital Turbine Director Exercises Stock Options

Digital Turbine Director Mohan S. Gyani exercised options to acquire 75,000 shares of common stock at $1.06 per share, increasing his direct beneficial ownership.

Summary

• Mohan S. Gyani, a Director of Digital Turbine, Inc. [APPS], exercised stock options on January 9, 2026.
• He acquired 75,000 shares of common stock at an exercise price of $1.06 per share.
• These options were originally awarded on January 26, 2016, under the Issuer's 2011 Amended and Restated Equity Incentive Plan.
• Following this transaction, Mr. Gyani directly beneficially owns 228,825 shares of common stock.
• Additionally, he indirectly beneficially owns 373,925 shares held by a trust, disclaiming beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The exercise of stock options by a director, increasing their direct beneficial ownership, generally indicates confidence in the company's future prospects. The low exercise price suggests a significant in-the-money position, which is a positive for the insider.

Positives

• Increased direct beneficial ownership by a company director, signaling confidence in the company's future prospects.
• The exercise price of $1.06 per share indicates a significant in-the-money position for the director, reflecting potential value creation since the options were granted.

Negatives

• The exercise of options could potentially precede future sales, although no sales are reported in this specific filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Insider transactions, such as option exercises, are closely watched by investors as they can provide insights into management's perception of the company's value. While this specific transaction is routine for option holders, the increase in direct beneficial ownership by a director can be interpreted as a positive signal within the ad-tech industry, where Digital Turbine operates.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively, signaling management's belief in the company's value and aligning interests.
• Employees: The exercise of options under an equity incentive plan highlights the company's use of such plans to incentivize and retain key personnel.

Key Dates

Keywords

Digital Turbine, APPS, Mohan S. Gyani, Stock Options, Insider Transaction, Beneficial Ownership, Director Activity, Equity Incentive Plan