---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-032544"
form_type: "8-K"
ticker: "APPS"
cik: "0000317788"
company_name: "Digital Turbine, Inc."
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T14:08:16.468856+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Digital Turbine board voids excess CEO equity awards over plan limit, caps at 236,909 shares

## Summary
- Board voided portion of CEO William Stone's equity grants exceeding 500,000 annual share limit under 2020 Plan.
- Performance-vesting RSUs based on revenue, adjusted EBITDA, and absolute TSR capped at 236,909 shares.
- Performance-vesting RSUs based on absolute and relative TSR performance metrics voided entirely.
- Action taken September 15, 2023 to clarify May 22, 2023 award terms and ensure compliance.

## SEC filing metadata
- accession: 0001628280-23-032544
- form_type: 8-K
- ticker: APPS
- cik: 0000317788
- company_name: Digital Turbine, Inc.
- filed_at: 2023-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317788/000162828023032544/0001628280-23-032544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317788/000162828023032544/apps-20230915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-032544
- JSON: https://secwatch.observer/filing/0001628280-23-032544.json
- Plain text: https://secwatch.observer/filing/0001628280-23-032544.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.