secwatch.observer — SEC 8-K summary
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Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2025-05-29T23:59:59+00:00
Accession:  0001628280-25-028361
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Digital Turbine grants PSUs covering ~780K shares and ~1.05M options to CEO, CFO, CBO, CTO
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- CEO William Stone: 344,037 PSUs (50% revenue/50% adj. EBITDA targets) and 462,963 stock options.
- CFO Stephen Lasher: 160,550 PSUs and 216,049 options; CBO Akkerman: 137,615 PSUs and 185,185 options.
- CTO Kanagaratnam: 137,615 PSUs and 185,185 options; PSUs vest based on three-year revenue/EBITDA goals.
- Stock options vest over three years: 1/3 on first anniversary, remainder quarterly thereafter.
- Grants approved May 23, 2025; exercise price equals that day's closing price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828025028361/0001628280-25-028361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828025028361/apps-20250523.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-028361

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