---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-042505"
form_type: "8-K"
ticker: "APPS"
cik: "0000317788"
company_name: "Digital Turbine, Inc."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:31:27.708407+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Digital Turbine settles derivative lawsuit over CEO equity awards, pays $180K in fees

## Summary
- Plaintiff alleged CEO equity awards granted May 2023 exceeded annual limits under 2020 Equity Incentive Plan.
- Board amended awards on Sept 15, 2023 to void any exceeding limits, mooting plaintiff's claims.
- Company paid $180,000 to settle plaintiff's claim for attorneys' fees and expenses; no admission of wrongdoing.
- Delaware Court of Chancery entered dismissal order on Dec 20, 2023.

## SEC filing metadata
- accession: 0001628280-23-042505
- form_type: 8-K
- ticker: APPS
- cik: 0000317788
- company_name: Digital Turbine, Inc.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317788/000162828023042505/0001628280-23-042505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317788/000162828023042505/apps-20231220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-042505
- JSON: https://secwatch.observer/filing/0001628280-23-042505.json
- Plain text: https://secwatch.observer/filing/0001628280-23-042505.txt

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