Digital Turbine Form 4: Deutschman Adds 47k Restricted Shares
Rhea-AI Filing Summary
Digital Turbine (APPS) director Robert M. Deutschman disclosed the award of 47,201 restricted common shares on 8 Aug 2025 (grant date 1 Aug 2025) at a $0 cost basis. The grant was issued under the company’s 2020 Equity Incentive Plan as compensation for his non-employee board service from 1 Aug 2025 through 31 Jul 2026. The stock vests in four equal quarterly tranches on 31 Oct 2025, 31 Jan 2026, 30 Apr 2026 and 31 Jul 2026; any unvested portion accelerates if he is not re-elected at the next annual meeting.
After the transaction, Deutschman’s direct holdings rise to 638,417 APPS shares, while an additional 318,268 shares are held indirectly through a trustee-managed trust. No derivative securities, sales, or open-market purchases were reported. The filing represents routine equity compensation that marginally increases insider ownership but does not materially affect Digital Turbine’s capital structure, earnings, or guidance.
Positive
- Increase in insider holdings: Director’s direct stake grows to 638,417 shares, aligning board and shareholder interests.
Negative
- None.
Insights
TL;DR: Routine director equity grant; neutral impact, but insider ownership remains sizable.
The Form 4 shows a standard restricted-stock award rather than an opportunistic market buy. Although the 47 k-share grant reflects ongoing board alignment with shareholders—total direct ownership now ≈0.6 m shares—it does not signal new information about fundamentals or near-term performance. No cash outlay, dilution is de minimis relative to Digital Turbine’s ~100 m basic shares. As such, the disclosure is neutral for valuation and sentiment, with limited trading impact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 47,201 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Grant of restricted common stock (the "Shares") pursuant to Issuer's 2020 Equity Incentive Plan. Such Shares were granted as part of Reporting Person's compensation for services as a non-employee director of Issuer for the period August 1, 2025 through July 31, 2026. The Shares vest in four equal quarterly increments on October 31, 2025, January 31, 2026, April 30, 2026, and July 31, 2026. The last quarter of unvested shares will automatically vest as of the annual meeting of stockholders if Reporting Person either is not re-elected or is not nominated for re-election, and the annual meeting occurs before the final vesting of the grant. Shares are held by a trust, of which the Reporting Person is trustee. Reporting Person disclaims beneficial ownership of Shares held by the trust except to the extent of their pecuniary interest therein.
