Form 4: Digital Turbine Executive Acquires Shares

Digital Turbine's Chief Technology Officer, John Benneaser, acquired 693,069 shares of common stock through a restricted stock unit award.

Summary

• John Benneaser, Chief Technology Officer of Digital Turbine, Inc., was granted 693,069 Restricted Stock Units (RSUs) on April 6, 2026.
• These RSUs are subject to time-based vesting, with one-third vesting on the first anniversary of the grant date, and the remainder vesting quarterly thereafter through the third anniversary.
• The grant was made under the Issuer's 2020 Equity Incentive Plan.
• The reported transaction code is 'A' for acquisition, and the price is noted as $3.03, though this likely refers to the nominal value for reporting purposes of the RSUs granted.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it reflects executive incentive and retention, but does not contain operational or financial performance data.

Positives

• Grant of a significant number of RSUs (693,069) to a key executive (CTO) indicates a commitment to retaining and incentivizing leadership.
• The vesting schedule over three years suggests a focus on long-term employee retention and performance.
• The grant is part of an established equity incentive plan, indicating a structured approach to compensation.

Negatives

• The filing does not provide details on the market value of the shares at the time of the grant, only a nominal price of $3.03.
• The vesting is time-based, not performance-based, which may not directly tie executive compensation to company performance metrics.

Risks

• The value of the RSUs is subject to the future stock price performance of Digital Turbine, Inc.
• If the executive departs before the vesting conditions are met, the unvested RSUs will be forfeited.

Future Outlook

The filing itself does not contain forward-looking statements or guidance. The RSUs granted are subject to future vesting over three years, implying a long-term outlook for the executive's role and the company's stock.

Industry Context

StockSavvy.ai notes that the granting of RSUs to key executives is a common practice in the technology sector, including the digital advertising and mobile app space where Digital Turbine operates, to align executive interests with shareholder value and encourage long-term commitment.

Stakeholder Impact

• Shareholders: The grant of RSUs can be viewed positively as it aligns executive incentives with long-term company performance and stock value.
• Employees: May indicate a stable leadership team and continued investment in employee incentives.
• Management: Reinforces the value placed on key executive roles within the company.

Next Steps

• Vesting of one-third of the RSUs on the first anniversary of the grant date (April 6, 2027).
• Subsequent quarterly vesting of the remaining RSUs through April 6, 2029.

Key Dates

Keywords

Digital Turbine, APPS, Form 4, SEC Filing, Restricted Stock Units, RSU, Equity Incentive Plan, Executive Compensation, Insider Transaction, Stock Vesting