[Form 4] Digital Turbine, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Michael Akkerman, Chief Business Officer and Director of Digital Turbine, Inc. (APPS), reported an insider sale on 09/03/2025. He disposed of 19,313 common shares at $4.20 per share, reducing his direct beneficial ownership to 328,823 shares. The filing states that no new common shares were issued for this transaction; units were disposed upon vesting to satisfy taxes owed. The Form 4 is a routine Section 16 disclosure showing the source of the disposition and the resulting holding balance.

Positive

• Timely disclosure of insider transaction on Form 4 enhancing transparency
• Transaction clarified as units disposed to satisfy taxes rather than issuance of new shares

Negative

• Reduction in direct beneficial ownership by 19,313 shares (sold/disposed)
• Potential perceived negative signal as insiders decreasing holdings, though explained as tax withholding

Insights

Securities Analyst

TL;DR: Insider sale of 19,313 shares at $4.20 reduced direct holdings to 328,823; transaction was tax-related and disclosed on Form 4.

The sale is documented as a disposition tied to vested units that were surrendered to cover tax obligations rather than a market sale of newly issued shares. That detail reduces the likelihood this was a deliberate cash-raising disposition by the officer, but it still represents a reduction in reported beneficial ownership. The remaining stake of 328,823 shares should be evaluated versus total outstanding shares for context; the Form 4 provides required transparency under Section 16.

Corporate Governance Expert

TL;DR: Filing indicates compliant insider reporting and use of vested units to satisfy taxes, typical in executive compensation settlements.

The explanation that "No corresponding shares of common stock were issued" and that "Units were disposed upon vesting in lieu of taxes owed" suggests this was a settlement of compensation-related units. From a governance perspective, this is a routine, non-extraordinary transaction that the company properly disclosed. Investors may note the change in direct ownership but should not infer additional undisclosed actions from this Form 4 alone.

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^*

Akkerman Michael

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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	09/03/2025		F		19,313(1)	D	$4.2	328,823	D

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. No corresponding shares of common stock were issued in connection with this transaction. Units were disposed upon vesting in lieu of taxes owed.

Remarks:

	/s/ Michael Akkerman	09/04/2025
	** 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

What insider transaction did APPS officer Michael Akkerman report on 09/03/2025?

He reported a disposition of 19,313 common shares at $4.20 per share, reducing his direct holdings to 328,823 shares.

Why were the 19,313 units disposed according to the Form 4 for APPS?

The filing states units were disposed upon vesting in lieu of taxes owed, and no new common shares were issued in connection with the transaction.

What is Michael Akkerman's role at Digital Turbine (APPS)?

The Form 4 lists him as Chief Business Officer and a Director of the company.

Does the Form 4 indicate issuance of new shares for this transaction?

No; the filing explicitly states no corresponding shares of common stock were issued in connection with the transaction.

When was the Form 4 signed by the reporting person?

The Form 4 bears the reporting person's signature dated 09/04/2025.