Form 4 for DRCT Direct Digital Holdings, Inc.
Accepted 2025-01-28 00:00:00 ET · period of report 2025-01-16 · accession 0001628280-25-002847 · 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 | 2025-01-28 | 2025-01-16 | DRCT | Locke Mistelle | Dir | S - Sale+OE | $1.30 | -1,773 | 35.7K | -5% | -$2,305 |
| D | 2025-01-28 | 2025-01-16 | DRCT | Locke Mistelle | Dir | M - OptEx | — | +7,246 | 37.4K | +24% | — |
| D | 2025-01-28 | 2025-01-16 | DRCT | Locke Mistelle | Dir | M - OptEx | $0.00 | +7,246 | 7,246 | New | $0 |
| D | 2025-01-28 | 2025-01-24 | DRCT | Locke Mistelle | Dir | A - Grant | $0.00 | +20.0K | 20.0K | New | $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, par value $0.001 per share | 2025-01-16 | S | D | 1,773 | $1.30 | 35,674 | D | — | — | (F2) Represents shares withheld to satisfy tax liabilities associated with the reported vesting of restricted stock units for 7,246 shares. |
| 2 | Common | Class A Common Stock, par value $0.001 per share | 2025-01-16 | M | A | 7,246 | — | 37,447 | 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. |
| 3 | Derivative | Restricted Stock Units | 2025-01-16 | M | A | 7,246 | $0.00 | 7,246 | D | — · — to — | 7,246 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. (F3) On January 16, 2023, the reporting person was granted 21,739 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 33 percent of the restricted stock units vested on January 16, 2024, an additional 33 percent vested on January 16, 2025, and the remaining balance of 34 percent of the restricted stock units will vest on January 16, 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). |
| 4 | Derivative | Restricted Stock Units | 2025-01-24 | A | A | 20,000 | $0.00 | 20,000 | D | — · — to — | 20,000 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) Grant of restricted stock units under the Direct Digital Holdings, Inc. 2022 Omnibus Incentive Plan. The restricted stock units will vest one year from the date of grant conditioned on continued service as of the vesting date. |