Digital Turbine (APPS) CTO John Benneaser Receives RSU Award

What Happened

• John Benneaser, Chief Technology Officer of Digital Turbine (APPS), was granted 693,069 restricted stock units (RSUs) on 2026-04-06. The Form 4 reports a grant price/fair value of $3.03 per share, for a total reported grant value of $2,099,999. This transaction is an award (A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-06; Form filed: 2026-04-13 (filed 7 days after the transaction; Section 16 filings are generally due within two business days, so this appears untimely).
• Grant amount and valuation: 693,069 RSUs at $3.03 per share = $2,099,999.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — RSUs granted under the Issuer's 2020 Equity Incentive Plan. F2 — Time-based vesting: one‑third vests on the first anniversary of the grant, then pro rata quarterly vesting after the first anniversary through the third anniversary.
• No 10b5-1 plan, tax-withholding sale, or immediate sale reported in the disclosed information.

Context

• These RSUs are time‑based awards and generally convert to shares only as they vest; they may be forfeited if vesting conditions are not met. An RSU grant is compensation and does not by itself indicate the insider’s short‑term market view.