Form 4 for DRCT Direct Digital Holdings, Inc.
Accepted 2025-06-13 00:00:00 ET · period of report 2025-06-12 · accession 0001880613-25-000043 · 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 | 2025-06-13 | 2025-06-12 | DRCT | Cohen Richard | Dir | S - Sale+OE | $0.53 | -3,414 | 70.3K | -5% | -$1,809 |
| D | 2025-06-13 | 2025-06-12 | DRCT | Cohen Richard | Dir | M - OptEx | — | +8,205 | 73.7K | +13% | — |
| D | 2025-06-13 | 2025-06-12 | DRCT | Cohen Richard | Dir | M - OptEx | $0.00 | -8,205 | 8,205 | -50% | $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 | 2025-06-12 | S | D | 3,414 | $0.53 | 70,302 | D | — | — | (F2) Represents shares sold to satisfy tax liabilities associated with the reported vesting of restricted stock units for 8,205 shares. |
| 2 | Common | Class A Common Stock, par value $0.001 per share | 2025-06-12 | M | A | 8,205 | — | 73,716 | 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 | 2025-06-12 | M | D | 8,205 | $0.00 | 8,205 | D | — · — to — | 8,205 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 June 12, 2023, the reporting person was granted 24,615 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 June 12, 2024, an additional 33 percent vested on June 12, 2025, and the remaining balance of 34 percent of the restricted stock units will vest on June 12, 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). |