Form 4: Digital Turbine Director Michelle Sterling Receives Stock Grant

Michelle Sterling, a director at Digital Turbine, Inc., received a grant of restricted common stock as part of her compensation for services as a non-employee director.

Summary

• On September 3, 2024, Michelle Sterling, a director of Digital Turbine, Inc., was granted 43,793 shares of restricted common stock.
• This grant is part of her compensation for serving as a non-employee director from August 1, 2024, through July 31, 2025.
• The shares vest in four equal quarterly increments, starting October 31, 2024, and ending July 31, 2025.
• Ms. Sterling also indirectly owns 17,640 shares through a trust where she serves as trustee but disclaims beneficial ownership except to the extent of her pecuniary interest.
• Following the transaction, Ms. Sterling directly owns 116,304 shares of Digital Turbine stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice, indicating confidence in the director's continued service and alignment with shareholder interests.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the granted shares.

Industry Context

Stock grants to board members are a common practice in the tech industry to align their interests with the company's long-term performance. This is a standard form 4 filing related to that practice.

Comparison to Industry Standards

• Stock grants to non-employee directors are a common practice across publicly traded companies, particularly in the technology sector.
• The size of the grant is likely benchmarked against peer companies of similar market capitalization and stage of growth.
• Companies like PubMatic and ironSource, which operate in similar ad tech spaces, also utilize equity compensation for their board members.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's performance.
• The director is incentivized to contribute to the company's success through the vesting schedule.

Key Dates