Digital Turbine (APPS) CEO reports vesting-related disposition of 2,141 units

Rhea-AI Filing Summary

Digital Turbine director and Chief Executive Officer William Gordon Stone III reported a Form 4 disclosing a transaction on 09/03/2025 involving the company's common stock (ticker APPS). The filing shows a disposition of 2,141 units coded as F at an effective per-unit amount of $4.19. After the transaction, Mr. Stone beneficially owns 1,755,872 shares directly. The filer states that no new shares were issued in connection with this transaction and that the units were disposed upon vesting to cover tax withholding obligations.

Positive

• Transparent disclosure of the transaction date, amount disposed, price, and post-transaction beneficial ownership
• Explicit explanation that the disposition was related to vesting and tax withholding and that no new shares were issued

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Routine insider tax-withholding sale by CEO/director; not a signal of divestiture intent based on the filing text.

The Form 4 documents a small, specific disposition tied to vesting and tax withholding rather than a market sale for liquidity. The filing explicitly notes "no corresponding shares of common stock were issued" and that "units were disposed upon vesting in lieu of taxes owed," indicating the transaction executed to satisfy tax obligations. The remaining direct beneficial ownership of 1,755,872 shares is stated precisely, which maintains transparency on insider holdings.

Securities Analyst

TL;DR Transaction is administrative and limited in size; disclosure is standard and preserves reporting compliance.

The record shows a disposition of 2,141 units at a price of $4.19 per unit on 09/03/2025. The explanation attached to the filing clarifies the mechanics: units were disposed upon vesting to cover tax withholding, with no new shares issued. Given the absolute size relative to the reported post-transaction ownership, the trade appears immaterial to overall insider stake based on the data in this filing 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^*

STONE WILLIAM GORDON III

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		2,141(1)	D	$4.19	1,755,872	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/ William Gordon Stone III	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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