Digital Turbine, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2026

Share-Based Payment Arrangement [Abstract]

The following table summarizes stock option activity for the six months ended September 30, 2026:


	Number of Shares	Weighted-Average Exercise Price (per share)		Weighted-Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value (in thousands)




Options outstanding as of March 31, 2026	6,572,910	$	9.02	6.31	$	2,571
Granted	—	—
Exercised	(315,468)	4.16
Forfeited / Expired	(981,641)	7.98
Options outstanding as of September 30, 2026	5,275,801	$	9.51	5.19	$	32,702

Options exercisable as of September 30, 2026	4,487,993	$	10.46	4.65	$	27,063

Schedule of RSU, PSU and RSA Activity

The following table summarizes RSU and RSA activity for the six months ended September 30, 2026:


	Number of Shares	Weighted-Average Grant Date Fair Value




Unvested restricted shares outstanding as of March 31, 2026	3,110,101	$	4.38
Granted	3,456,361	3.60
Vested	(1,146,816)	4.72
Forfeited	(531,976)	4.69
Unvested restricted shares outstanding as of September 30, 2026	4,887,670	$	3.71

The following table summarizes the PSU activity for the six months ended September 30, 2026:


	Number of Shares	Weighted-Average Grant Date Fair Value
Unvested performance-based shares outstanding as of March 31, 2026	1,785,737	$	5.62
Granted(1)	383,433	10.91
Vested	—	—

Forfeited	(548,165)	3.35
Unvested performance-based shares outstanding as of September 30, 2026	1,621,005	$	5.06

_____________

(1) Includes 191,716 of PSUs with a market condition valued using a Monte Carlo simulation, with an average grant-date fair value of $12.04 per share.

Schedule of PSU Valuation Assumption

The following table summarizes the assumptions and related grant-date fair value of the PSUs subject to market conditions granted during the three months ended September 30, 2026:


Volatility	115.58	%
Expected term (in years)	2.78
Dividend yield	—	%
Risk-free interest rate	4.35	%
Grant-date fair value per share	$11.58-12.50

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense, within general and administrative expenses on the condensed consolidated statements of operations and comprehensive income (loss), was as follows:


	Three Months Ended September 30,				Six Months Ended September 30,
	2026		2025		2026		2025
	(in thousands)
Stock-based compensation expense	$	1,981	$	5,451	$	4,429	$	11,718