GARRISON J. BARRETT 4
4 · Digital Turbine, Inc. · Filed Aug 29, 2024
Insider Transaction Report
Form 4
GARRISON J. BARRETT
Executive Vice President, CFO
Transactions
- Award
Employee Stock Options (right to buy)
2024-08-27$2.14/sh+250,000$535,000→ 250,000 totalExercise: $2.14From: 2025-05-24Exp: 2034-05-24→ Common Stock (250,000 underlying) - Tax Payment
Common Stock
2024-08-27$3.65/sh−774$2,825→ 439,252 total
Footnotes (5)
- [F1]No corresponding shares of common stock were issued in connection with this transaction. Units were disposed upon vesting in lieu of taxes owed.
- [F2]Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2020 Equity Incentive Plan.
- [F3]Mr. Garrison was granted employee stock options on May 24, 2024 to acquire shares of the Issuer's common stock, contingent on and subject to stockholder approval of an amendment to the Issuer's 2020 Equity Incentive Plan to increase the number of shares available for grant at the 2024 Annual Meeting. On August 27, 2024, the amendment was approved.
- [F4]One third of the stock options vest on the first anniversary, with the remaining amount vesting proportionally each quarter over a two year period.
- [F5]Stock options expire ten years from the grant date of May 24, 2024.