# EDGAR Filing Document

**Accession Number:** 0000317788
**File Stem:** 0001628280-23-006108
**Filing Date:** 2023-3
**Character Count:** 7222
**Document Hash:** 6c90cdb1f872303a01bb63b4fe72f069
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-006108.hdr.sgml**: 20230302

**ACCESSION NUMBER**: 0001628280-23-006108

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221108

**FILED AS OF DATE**: 20230302

**DATE AS OF CHANGE**: 20230302

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** STONE WILLIAM GORDON III
- **CENTRAL INDEX KEY:** 0001592491

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35958
- **FILM NUMBER:** 23700381

**MAIL ADDRESS:**
- **STREET 1:** 2811 CAHUENGA BOULEVARD WEST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90068
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Digital Turbine, Inc.
- **CENTRAL INDEX KEY:** 0000317788
- **STANDARD INDUSTRIAL CLASSIFICATION:** PATENT OWNERS & LESSORS [6794]
- **IRS NUMBER:** 222267658
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**BUSINESS ADDRESS:**
- **STREET 1:** 111 NUECES STREET
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701
- **BUSINESS PHONE:** (512) 387-7717

**MAIL ADDRESS:**
- **STREET 1:** 111 NUECES STREET
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mandalay Digital Group, Inc.
- **DATE OF NAME CHANGE:** 20120207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NeuMedia, Inc.
- **DATE OF NAME CHANGE:** 20100514

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mandalay Media, Inc.
- **DATE OF NAME CHANGE:** 20071109

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>STONE WILLIAM GORDON III<br><sub>(Last) (First) (Middle)</sub><br>110 SAN ANTONIO STREET<br>SUITE 160<br><sub>(Street)</sub><br>AUSTIN, TX 78701<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-11-08 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Digital Turbine, Inc. [ APPS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2022-11-08 |  | M |  | 60000 | A | $2.54 | 1686422 | D |  |
| Common Stock | 2022-11-08 |  | F |  | 31626 | D | $11.53 | 1654796 | D |  |
| Common Stock | 2023-02-28 |  | F |  | 468 | D | $10.74 | 1654328 | D |  |
| Common Stock | 2023-03-01 |  | F |  | 455 | D | $10.86 | 1653873 | D |  |
| Common Stock | 2023-02-28 |  | M |  | 70000 | A | $2.54 | 1723873 | D |  |
| Common Stock | 2023-02-28 |  | F |  | 37585 | D | $10.74 | 1686288 | D |  |
| Common Stock | 2023-03-01 |  | M |  | 70000 | A | $2.54 | 1756288 | D |  |
| Common Stock | 2023-03-01 |  | F |  | 37474 | D | $10.86 | 1718814 | D |  |
| Common Stock | 2023-03-02 |  | S |  | 36025 | D | $10.75 | 1682789 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Employee Stock Options (right to buy)<sup>(1)</sup> | $2.54 | 2022-11-08 |  | M |  |  | 60000 | 2014-11-18<sup>(2)</sup> | 2023-11-25 | Common Stock | 60000.0 | $0 | 140000 | D |  |
| Employee Stock Options (right to buy)<sup>(1)</sup> | $2.54 | 2023-02-28 |  | M |  |  | 70000 | 2014-11-18<sup>(2)</sup> | 2023-11-25 | Common Stock | 70000.0 | $0 | 70000 | D |  |
| Employee Stock Options (right to buy)<sup>(1)</sup> | $2.54 | 2023-03-01 |  | M |  |  | 70000 | 2014-11-18<sup>(2)</sup> | 2023-11-25 | Common Stock | 70000.0 | $0 | 0 | D |  |

---

### Footnotes:

(1) Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan.

(2) Options vest over three years. One-third of the Options vest on the first anniversary of the grant date (i.e., the date indicated), and the balance vests proportionately each month during the remaining two years.

**Signature:** /s/ William Gordon Stone III  
**Date:** 2023-03-02

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**