Digital Turbine (APPS) director moves 170,121 shares to trust account
Rhea-AI Filing Summary
Digital Turbine, Inc. director Mohan S. Gyani reported an internal transfer of shares. On January 12, 2026, he moved 170,121 shares of Digital Turbine common stock from his direct ownership into a trust at a reported price of $0.00 per share, classified as a gift/transfer transaction.
After the transfer, 58,704 shares are held directly, and 544,046 shares are held indirectly through the trust. The filing explains that the transfer did not change his total beneficial ownership and that shares in the trust are held with a pecuniary interest, with beneficial ownership disclaimed except to that extent.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Digital Turbine (APPS) report in this Form 4?
The Form 4 reports that director Mohan S. Gyani transferred 170,121 shares of Digital Turbine common stock from his direct ownership to a trust on January 12, 2026.
Was the Digital Turbine director’s 170,121 share transfer a sale?
No. The transaction is coded as G, indicating a gift or similar transfer, and was reported at a price of $0.00 per share, reflecting a non-sale internal transfer to a trust.
How many Digital Turbine (APPS) shares does Mohan S. Gyani hold after the reported transaction?
Following the transaction, Mohan S. Gyani holds 58,704 shares directly and 544,046 shares indirectly through a trust, according to the Form 4.
Did the Digital Turbine director’s trust transfer change his total beneficial ownership?
The filing states that the transfer did not result in a change in the director’s total beneficial ownership, as shares moved from direct ownership to a trust associated with him.
How are the trust-held Digital Turbine shares treated for Mohan S. Gyani?
The Form 4 explains that shares are held by a trust, and the reporting person disclaims beneficial ownership of those shares except to the extent of their pecuniary interest in the trust.
What is the relationship of Mohan S. Gyani to Digital Turbine (APPS)?
According to the Form 4, Mohan S. Gyani is a director of Digital Turbine, Inc. and the reporting person for this insider transaction.