Form 4 for DRCT Direct Digital Holdings, Inc.
Accepted 2024-08-27 00:00:00 ET · period of report 2024-03-20 · accession 0001104659-24-093454 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-08-27 | 2024-03-20 | DRCT | Pillai Anu | CTO | M - OptEx | — | +2,105 | 12.5K | +20% | — |
| D | 2024-08-27 | 2024-04-01 | DRCT | Pillai Anu | CTO | F - Tax | $15.24 | -617 | 11.9K | -5% | -$9,403 |
| D | 2024-08-27 | 2024-03-20 | DRCT | Pillai Anu | CTO | M - OptEx | $0.00 | -2,105 | 4,210 | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-03-20 | M | A | 2,105 | — | 12,485 | D | — | — | (F1) Each restricted stock unit represents a contingent right to one share of DRCT's Class A Common Stock, par value $0.001 per share, upon settlement. (F2) Due to administrative error, the number of non-derivative securities beneficially owned by the Reporting Person was incorrectly reported as 10,435 instead of 10,380 on a Form 4 filed on March 20, 2024. This column reflects the corrected balance, as effected by the transactions reported on this Form 4. |
| 2 | Common | Class A Common Stock | 2024-04-01 | F | D | 617 | $15.24 | 11,868 | D | — | — | (F3) Represents shares withheld to satisfy tax liabilities associated with the reported vesting of restricted stock units for 2,105 shares. |
| 3 | Derivative | Restricted Stock Units | 2024-03-20 | M | D | 2,105 | $0.00 | 4,210 | D | — · — to — | 2,105 Class A Common Stock, par value $0.001 per share | (F1) Each restricted stock unit represents a contingent right to one share of DRCT's Class A Common Stock, par value $0.001 per share, upon settlement. (F4) On March 20, 2023, the reporting person was granted 6,315 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33% of the restricted stock units vested on March 20, 2024, an additional 33% of the restricted stock units will vest on March 20, 2025, and the remaining balance of 34% of the restricted stock units will vest on March 20, 2026. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the Direct Digital Holdings, Inc. 2022 Omnibus Incentive Plan). |