Digital Turbine grants CTO 51K RSUs, PSUs
Digital Turbine’s CTO received new time-based RSU and performance-based PSU grants, lifting his reported beneficial ownership to 744,193 shares.
Rhea-AI Filing Summary
Digital Turbine, Inc. (symbol: APPS) is the issuer of record for a Form 4 filing submitted to the SEC. John Benneaser reported acquisition or exercise transactions in this Form 4 filing.
Digital Turbine, Inc. (APPS) reported that Chief Technology Officer John Benneaser received equity awards on September 2, 2026. He was granted 51,124 restricted stock units under the 2020 Equity Incentive Plan, vesting over three years through June 15, 2029, and a target award of 51,124 performance stock units whose ultimate payout depends on performance over periods ending June 15, 2028 and June 15, 2029, with an actual delivery range of 0 to 76,687 shares. Following these awards, Benneaser beneficially owned 744,193 shares of common stock, held directly, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 102,248 shares
Grant/Award
2 txns
Insider
John Benneaser
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units F3, F4, F5 | 51,124 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 51,124 | $9.78 | $500K |
Holdings After Transaction:
Performance Stock Units — 51,124 contracts (Direct);
Common Stock — 744,193 shares (Direct)
Footnotes (5)
- F1. Restricted Stock Units ("RSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan.
- F2. RSUs vest over three years. One-third of the RSUs vest on the first anniversary of the grant date (i.e., the date indicated). The remaining balance vests proportionately each month through June 15, 2029.
- F3. Performance Stock Units ("PSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan.
- F4. This is a target award only. The number of shares of Issuer's common stock ultimately deliverable under the PSUs is tied to the satisfaction of certain performance criteria (other than the price of Issuer's common stock), as measured over the fiscal year preceding each of two separate valuation periods ending June 15, 2028 and June 15, 2029, respectively. The actual number of shares deliverable ranges from -0- to 76,687 (subject to adjustment for any subsequent stock splits or similar events), depending on the extent to which the applicable performance criteria are satisfied.
- F5. Not applicable
Key Figures
RSUs granted: 51,124 units
PSU target award: 51,124 units
PSU delivery range: 0 to 76,687 shares
+5 more
8 metrics
RSUs granted
51,124 units
Restricted Stock Units granted September 2, 2026 under the 2020 Equity Incentive Plan
PSU target award
51,124 units
Performance Stock Units granted September 2, 2026 tied to performance criteria
PSU delivery range
0 to 76,687 shares
Possible APPS shares deliverable depending on performance, subject to adjustments
Beneficial ownership after transaction
744,193 shares
APPS common stock beneficially owned by John Benneaser after September 2, 2026 awards
RSU vesting period end
June 15, 2029
Final date through which RSUs vest monthly after first anniversary cliff
First PSU valuation period end
June 15, 2028
End date for first PSU valuation period based on prior fiscal year performance
Second PSU valuation period end
June 15, 2029
End date for second PSU valuation period based on prior fiscal year performance
RSU reference price
$9.78 per share
Price field associated with 51,124 RSUs in the non-derivative transaction table
Key Terms
Restricted Stock Units ("RSUs"), Performance Stock Units ("PSUs"), 2020 Equity Incentive Plan, valuation periods
4 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs") granted pursuant to Issuer's 2020 Equity"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Performance Stock Units ("PSUs") financial
"Performance Stock Units ("PSUs") granted pursuant to Issuer's 2020 Equity"
2020 Equity Incentive Plan financial
"granted pursuant to Issuer's 2020 Equity Incentive Plan"
valuation periods financial
"two separate valuation periods ending June 15, 2028 and June 15, 2029"
FAQ
What equity awards did APPS grant to its CTO John Benneaser on September 2, 2026?
John Benneaser received 51,124 restricted stock units and a target award of 51,124 performance stock units under Digital Turbine’s 2020 Equity Incentive Plan on September 2, 2026.
How do the new RSUs granted to the APPS CTO vest?
The 51,124 RSUs vest over three years: one-third on the first anniversary of the grant date, with the remaining balance vesting proportionately each month through June 15, 2029.
Over what periods are the APPS CTO’s PSUs measured for performance?
Performance for the PSUs is measured over the fiscal year preceding each of two valuation periods, with valuation periods ending on June 15, 2028 and June 15, 2029, respectively.
What is the APPS CTO’s reported beneficial ownership after these grants?
After the reported transactions, John Benneaser beneficially owned 744,193 shares of Digital Turbine common stock, held directly.
Was the APPS CTO’s Form 4 transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 plan; the document-level 10b5-1 checkbox is unchecked.
AI-generated analysis. How Rhea-AI works. Not financial advice.
