secwatch.observer — SEC 8-K summary
======================================

Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001628280-23-032544
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828023032544/0001628280-23-032544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828023032544/apps-20230915.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-032544

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer