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

Financial Analyst

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.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

DEUTSCHMAN ROBERT M

(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)
08/01/2025

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	08/01/2025		A(1)		47,201(2)	A	$0	638,417	D
Common Stock								318,268(3)	I	See footnote

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

Explanation of Responses:

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.

2. 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.

3. 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.

Remarks:

	/s/ Robert M. Deutschman	08/05/2025
	** 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

How many APPS shares were granted to Robert M. Deutschman?

47,201 restricted common shares were granted on 1 Aug 2025.

What is the vesting schedule for the new APPS restricted shares?

The grant vests in four equal parts on 31 Oct 2025, 31 Jan 2026, 30 Apr 2026 and 31 Jul 2026.

What is Robert M. Deutschman’s total ownership after the transaction?

He directly owns 638,417 shares and indirectly controls 318,268 shares via a trust.

Was this an open-market purchase of APPS stock?

No. The shares were restricted-stock compensation awarded under the 2020 Equity Incentive Plan at $0 cost.

When was the Form 4 for Digital Turbine filed?

The filing was signed and submitted on 5 Aug 2025.