Digital Turbine (APPS) director exercises 75,000 stock options

Rhea-AI Filing Summary

Digital Turbine, Inc. director Mohan S. Gyani reported exercising stock options to acquire additional common shares. On January 9, 2026, Gyani exercised employee stock options awarded on January 26, 2016 to purchase 75,000 shares of Digital Turbine common stock at a price of $1.06 per share under the company’s 2011 Amended and Restated Equity Incentive Plan.

Following this transaction, Gyani directly held 228,825 shares of common stock. An additional 373,925 shares of common stock are reported as indirectly held through a trust, and he disclaims beneficial ownership of the trust’s shares except to the extent of his pecuniary interest in them.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GYANI MOHAN S

(Last) (First) (Middle)

110 SAN ANTONIO STREET

SUITE 160

(Street)

AUSTIN TX 78701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Digital Turbine, Inc. [ APPS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/09/2026		M		75,000(1)	A	$1.06	228,825	D
Common Stock								373,925	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options (right to buy)	$1.06	01/09/2026		M			75,000(1)	02/26/2016	01/26/2026	Common Stock	75,000	$1.06	0	D

Explanation of Responses:

1. On January 9, 2026, the Reporting Person exercised his/her stock option awarded on January 26, 2016 to purchase 75,000 shares of the Issuer's common stock at a price of $1.06 per share pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan.

2. Shares are held by a trust, of which the Reporting Person disclaims beneficial ownership of Shares held by the trust except to the extent of their pecuniary interest therein.

Remarks:

	/s/ Mohan S. Gyani	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Digital Turbine (APPS) report in this Form 4?

The filing reports that director Mohan S. Gyani exercised employee stock options to purchase 75,000 shares of Digital Turbine common stock on January 9, 2026.

At what price were the Digital Turbine (APPS) stock options exercised?

The employee stock options were exercised at a price of $1.06 per share for 75,000 shares of Digital Turbine common stock.

How many Digital Turbine (APPS) shares does Mohan S. Gyani directly own after this transaction?

After the reported option exercise, Mohan S. Gyani directly beneficially owned 228,825 shares of Digital Turbine common stock.

What does the Form 4 say about Gyani’s indirect ownership of Digital Turbine (APPS) shares?

The Form 4 reports 373,925 shares as indirectly held by a trust, and states that Gyani disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.

Which equity plan governs the stock options exercised by Mohan S. Gyani?

The options exercised to purchase 75,000 shares were awarded under Digital Turbine’s 2011 Amended and Restated Equity Incentive Plan.

What happened to the employee stock options after the exercise reported for Digital Turbine (APPS)?

The Form 4 shows 75,000 employee stock options with an exercise price of $1.06 being exercised, leaving 0 derivative securities of that option grant beneficially owned afterward.