Form 4: Digital Turbine Director Mohan S. Gyani Receives Stock Grant as Part of Compensation Package

Mohan S. Gyani, a director at Digital Turbine, Inc., was granted 44,533 shares of restricted common stock as part of his compensation for services as a non-employee director.

Summary

• Mohan S. Gyani, a director of Digital Turbine, Inc., received a grant of 44,533 shares of restricted common stock on September 3, 2024.
• The grant is part of his compensation for serving as a non-employee director from August 1, 2024, through July 31, 2025.
• The shares vest in four equal quarterly installments, starting October 31, 2024, and ending July 31, 2025.
• The final quarter of unvested shares will automatically vest if Gyani is not re-elected or nominated for re-election and the annual meeting occurs before the final vesting date.
• Gyani also indirectly owns 373,925 shares held in a trust, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The stock grant 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 stock grant.

Industry Context

Stock grants are a common form of compensation for non-employee directors, aligning their interests with the company's long-term performance.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates