Form 4: Digital Turbine Director Receives Stock Grant

Digital Turbine's Director Mary Spilman was granted 34,495 shares of restricted common stock as compensation for her services.

Summary

• Mary Spilman, a Director of Digital Turbine, Inc. (APPS), was granted 34,495 shares of restricted common stock.
• The grant was made on August 1, 2025, as compensation for her services as a non-employee director for the period from August 1, 2025, through July 31, 2026.
• The shares were granted under the Issuer's 2020 Equity Incentive Plan.
• The shares will vest in four equal quarterly increments on October 31, 2025, January 31, 2026, April 30, 2026, and July 31, 2026.
• An automatic vesting clause applies if the Reporting Person is not re-elected or nominated for re-election at the annual meeting before the final vesting.
• Following this transaction, Mary Spilman beneficially owns 129,744 shares of common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine compensation event (restricted stock grant) to a director, which is a neutral operational activity and does not indicate significant positive or negative financial performance or strategic shifts.

Positives

• Aligns director's interests with long-term shareholder value through equity compensation.
• Demonstrates ongoing commitment to retaining experienced board members.

Negatives

• Minor dilution of existing shares due to the issuance of new stock.

Future Outlook

The filing outlines a future vesting schedule for restricted stock granted to a director, indicating a compensation period extending through July 31, 2026, and a commitment to the company's 2020 Equity Incentive Plan.

Industry Context

This is a routine insider transaction, common across all industries, where companies use equity grants to compensate and incentivize non-employee directors, aligning their interests with long-term company performance.

Comparison to Industry Standards

• The grant of restricted stock as compensation for non-employee directors is a standard practice in publicly traded companies, including those in the ad-tech and mobile technology sectors like Digital Turbine.
• Companies such as Unity Software (U), AppLovin (APP), and ironSource (IS) (prior to its acquisition by Unity) also commonly utilize equity-based compensation plans to attract and retain board talent, ensuring alignment with shareholder interests.
• The specific number of shares and vesting schedule are typical for director compensation packages, reflecting a common approach to long-term incentive alignment.

Corporate Governance

Related Party Transactions

• Grant of 34,495 shares of restricted common stock to Mary Spilman, a Director, as compensation for her services.

Stakeholder Impact

• Shareholders: Minor dilution from the issuance of new shares, but also aligns director's interests with long-term shareholder value.

Next Steps

• Vesting of 34,495 restricted shares in four equal quarterly increments starting October 31, 2025, through July 31, 2026.
• Potential automatic vesting of unvested shares if the director is not re-elected or nominated for re-election at an annual meeting before final vesting.

Key Dates

Keywords

Digital Turbine, APPS, SEC Form 4, Insider Transaction, Stock Grant, Restricted Stock, Director Compensation, Equity Incentive Plan, Mary Spilman